Private residential rents edge up 1.1% in Q3

Year-on-year, three-bedroom rents rose 3.0% whilst five-bedroom rents declined 2.3%.

Singapore’s private residential rental market posted moderate gains in the third quarter of 2025, with overall rents rising 1.1% QoQ across one- to five-bedroom non-landed units, according to Savills’ latest rental guide.

The increase was driven by seasonal leasing linked to the international school calendar, along with new condominium completions that commanded a “newness” premium among tenants.

District 6– covering the City Hall, Clarke Quay, Beach Road, and High Street precinct– recorded the highest median monthly rent for three-bedroom non-landed units at $15,000.

Other top districts included District 1 at $8,500, District 4 at $8,300, District 9 at $7,800, and District 2 at $7,600.

By unit size, five-bedroom rents climbed the most, up 4.2% from the previous quarter. Four-bedroom units rose 1.6%, three-bedroom units increased 1.2%, whilst one- and two-bedroom units each dipped by 0.1%.

Regionally, the Rest of Central Region recorded the highest quarterly growth at 1.7%, followed by the Outside Central Region at 1.0% and the Core Central Region at 0.6%.

Year-on-year, three-bedroom rents rose 3.0% whilst five-bedroom rents declined 2.3%. One-bedroom, two-bedroom, and four-bedroom units registered smaller annual gains of 0.4%, 1.3% and 0.8% respectively.

Despite a 2.4% increase in the URA rental index year-to-date, Savills expects private residential rents to remain broadly flat through the rest of 2025.

Looking ahead to 2026, a fresh wave of completions may be balanced by subdued business conditions, resulting in what the firm describes as a "sideways" rental market.

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