Rental market sees private demand rise and public leases weaken

HDB leasing volumes to decline to around 36,500-38,000 units in 2024.

The rental market showed contrasting trends in Q3, as private housing volume increased while public rents weakened.

Citing data from the Urban Redevelopment Authority (URA) rental index, OrangeTee reported that private rental volume rose by 24.4% QoQ to 25,731 in Q3.

HDB rental volume, on the other hand, fell by 4.6% QoQ to 9,118 units.

For the whole year, OrangeTee expects HDB leasing volumes to decrease by around 36,500-38,000 units from 39,138 units in 2023, adding that leasing demand will likely be muted during the year-end holiday season.

"With private rents moderating, we expect some demand to shift from the HDB market to the private market," OrangeTee added.

Meanwhile, OrangeTee expects more leased private homes this year at around 85,000 to 88,000.

Follow the link for more news on

OrangeTee

HDB rents

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia