Condo rental prices in Singapore reached a new peak in April 2026, according to the latest report by 99.co and SRX. The increase was driven by steady demand and limited new private housing supply, with prices rising 0.3% month-on-month. The Core Central Region (CCR) and Outside Central Region (OCR) saw the most significant gains, with increases of 1.4% and 0.7%, respectively.
The report highlights that rental volumes also rose by 1.6% from March, with 6,491 units rented in April. This marks a 6.5% increase year-on-year and is 6.8% above the five-year average for April. Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that despite elevated prices, tenants are actively securing homes, particularly in the CCR and OCR.
In the HDB rental market, prices edged up by 0.1% month-on-month, with Mature towns experiencing a 0.4% increase. However, Non-Mature towns saw a slight decline of 0.2%. Executive flats recorded the highest increase at 2.5%. Year-on-year, HDB rental prices rose by 1.3%, with a 5.2% increase in rental volumes from March.
The report suggests that whilst macroeconomic uncertainties and softer expatriate hiring could impact future demand, the limited supply of completed private homes is likely to sustain condo rents in the near term. Meanwhile, the HDB market remains attractive due to its relative affordability, although transaction volumes are below historical norms.
