Rental prices and volumes for both HDB flats and condominiums in Singapore saw an uptick in June 2025, according to the latest report by 99.co and SRX. This increase is attributed to seasonal factors such as school holidays and mid-year lease renewals, alongside a pause in home purchases ahead of the July Build-To-Order (BTO) launch.
Condominium rental prices experienced a slight decrease of 0.2% compared to May 2025, with the Core Central Region (CCR) and Rest of Central Region (RCR) each seeing a 0.6% drop, whilst the Outside Central Region (OCR) rose by 0.2%. Despite this monthly dip, year-on-year figures show a 2.5% increase in overall condo rental prices. Rental volumes for condos surged by 18.8% month-on-month, with 6,674 units rented in June, marking a 10.7% rise from the previous year.
In the HDB rental market, prices increased by 0.3% from May 2025. Non-Mature estates saw a 0.8% rise, whilst Mature estates experienced a 0.2% decline. Notably, Executive flats recorded the highest price increase at 1.5%. Year-on-year, HDB rental prices rose by 2.8%. Rental volumes also climbed by 4.5% month-on-month, with 2,706 HDB flats rented in June.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that the rental market’s buoyancy is partly due to families relocating for better school access and expatriates renewing leases. The upcoming BTO launch, offering 10,000 new flats, has also led prospective buyers to temporarily turn to rentals, particularly in more affordable segments like Executive and 4-room HDB flats or OCR condos.
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