In July 2025, Singapore’s rental market saw growth in both prices and volumes, with increases observed in both the private residential and HDB markets.

A. Condo Rental Market

1. In July 2025, rental prices increased by 1.5%. CCR, RCR, and OCR saw an increase of 0.6%, 1.1%, and 2.1%, respectively, compared to June 2025.
• Year-on-year, overall rental prices increased by 3.1% compared to July 2024.
• Year-on-year, rental prices in CCR, RCR, and OCR increased by 3%, 2.5%, and 2.7%, respectively.

2. Rental volumes increased by 30.2% month-on-month. An estimated 8,691 units were rented in July 2025, compared to 6,674 in June 2025.
• Year-on-year, rental volumes were 6.6% higher.
• Rental volumes were 10.6% higher than the 5-year average for July.
• Breaking it down by region, in July 2025, 39.1% of the total rental volume was from OCR, 33.1% from RCR, and 27.8% from CCR.

B. HDB Rental Market

1. In July 2025, HDB rental prices increased by 1.6% compared to June 2025. Rental prices in Mature and Non-Mature estates increased by 1.8% and 1.3%, respectively. Prices for 3-room, 4-room, 5-room, and Executive flats increased by 1.4%, 1.9%, 1.1%, and 1.5%, respectively.
• Overall rental prices increased by 3.2% compared to July 2024.
• Year-on-year, both Mature and Non-Mature Estate rental prices increased by 3.5% and 2.8%, respectively.
• Year-on-year, all room types recorded rental price increases: 3-room by 3.2%, 4-room by 3.7%, 5-room by 2.2%, and Executive by 3.1%.

2. An estimated 3,168 HDB flats were rented in July 2025, compared to 2,710 in June 2025.
• Year-on-year, rental volumes increased by 4.6% compared to July 2024.
• Rental volumes were 2.9% higher than the 5-year average for July.
• Breaking it down by room type, in July 2025, 30.7% of the total rental volume was from 3-room, 38.3% from 4-room, 24.8% from 5-room, and 6.2% from Executive.

Source：SRX