Rental prices for both condominiums and Housing Development Board (HDB) flats in Singapore saw an uptick in June 2026, as reported by 99.co and SRX. Condo rents increased by 0.3% month-on-month, recovering from a 0.6% decline in May. This rise is part of a broader trend of stabilisation, with year-on-year growth reaching 2.4%.
The report highlights a significant increase in rental transaction volumes, suggesting that the private rental market is accommodating a larger number of available homes, including newly completed units. This influx of supply has bolstered rental activity without causing a sharp rise in prices. “The increase in available housing is helping to keep price growth restrained,” noted Luqman Hakim, Chief Data & Analytics Officer at 99.co.
In the condo market, rental volumes surged by 19% month-on-month, with 6,973 units rented in June compared to 5,858 in May. Year-on-year, rental volumes were up by 4.3% and exceeded the five-year average for June by 10.1%. Regionally, 38% of the rental volume came from the Outside Central Region (OCR), 32.8% from the Rest of Central Region (RCR), and 29.2% from the Core Central Region (CCR).
The HDB rental market also experienced growth, with prices rising by 0.6% month-on-month. Rental prices in Mature and Non-Mature estates increased by 0.7% and 0.4%, respectively. Year-on-year, overall rental prices rose by 1.4%. Rental volumes for HDB flats increased by 4.8% month-on-month, with 2,725 units rented in June.
As the market continues to stabilise, the increase in available housing is expected to maintain a balanced rental environment, preventing drastic price hikes whilst meeting healthy demand.
