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min read

Singapore Market Rental Trends Report

Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.

Price and rental momentum slowed in Q1 2024 despite the uncertain economic landscape. The condominium rental index also fell to 157.8, a 1.6% decrease from the previous quarter. The once-hot rental market, marked by high demand and good returns, is cooling as new units flood the market. Reduced demand led to a 13.5% decline in the Singapore Property Rental Price Index in Q1 2024. Analysts expect further moderation with 18,500 more units to be completed by 2025. This stability endures amid risks like geopolitical tensions and rising costs from climate change.

Condominium Option

1 Bedroom

  • Size: 1 bedroom/1 bath
  • Rent: $3,000, Fully furnished

2 Bedrooms

  • Size: 2 bedrooms/2 baths
  • Rent: $4,380, Fully furnished

3 Bedrooms

  • Size: 3 bedrooms/2 baths
  • Rent: $7,500, Fully furnished

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