Photo by Noelle Koh on Unsplash

Rental prices for private properties see sharp spike in Q2 as expatriates return

Prices rose by around 8% to 15% in Q2.

Rental prices in the private market saw a sharp spike in Q2, rising 8.89% QoQ for non-landed properties, and 15.30% QoQ for landed properties.

Last quarter, prices for non-landed and landed properties only grew by 6.40% and 4.04%, respectively.

According to PropertyGuru, the surge in rental prices was likely due to the return of expatriates to Singapore, as well as low residential vacancy rates.

The higher rental price growth will likely continue in Q3, according to PropertyGuru, adding that “tight rental supply and low residential vacancy rates create a ripe formula for enduring rental price growth in the private property markets.”

Rental price growth, however, is expected to moderate by 2023 as more projects reach completion.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!