In the second quarter of 2025, Savills Research reported that the highest average median rents for 3-bedroom non-landed private residential units in Singapore were found in District 4 (Harbourfront/Telok Blangah) at $6,200 (S$8,500), District 1 (Boat Quay/Marina/Raffles Place) at $6,180 (S$8,475), and District 9 (Orchard/River Valley) at $5,470 (S$7,500). These districts continue to attract demand due to their central locations and lifestyle appeal.
Overall, median rents for 1-to-5-bedroom non-landed private properties remained stable quarter-on-quarter, indicating market stability. However, the popular 1- to 3-bedroom segment experienced a slight decline of 0.1% quarter-on-quarter. Specifically, rents in the Core Central Region and Rest of Central Region decreased by 0.3% and 0.1% respectively, whilst the Outside of Central Region saw no change.
Despite a minor dip in Q2, rents were still 1% higher than the same period last year. The 1- to 3-bedroom segment saw a 1.1% year-on-year increase, whereas 5-bedroom rents dropped by 3.9% as tenants opted for smaller, more affordable units. Year-on-year, rents rose by 1.1% for 1-bedroom units, 0.7% for 2-bedroom units, 2.0% for 3-bedroom units, and 2.3% for 4-bedroom units.
Alan Cheong, Executive Director of Research & Consultancy at Savills Singapore, noted, “The April 2025 US trade tariffs have heightened global uncertainty, leading many firms to delay hiring and expansion decisions. Whilst this may place some pressure on leasing activity, most landlords remain firm in their asking rents due to higher property taxes and rising conservancy charges.”
Looking forward, Savills anticipates that rents will remain largely flat for the remainder of 2025, unless there are significant macroeconomic or geopolitical changes.
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