Leasing activity in Singapore’s private residential market saw a 5.1% increase quarter-on-quarter in Q2 2026, with 22,290 rental contracts commencing, according to Savills Singapore. Despite the rise in demand, rental growth was not uniform across regions, with varied performances in the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR).
The non-landed segment was the primary driver of growth, with rental transactions climbing by 5.4% quarter-on-quarter. The CCR and RCR each recorded a 5.7% increase, whilst the OCR saw a 4.8% rise. On a yearly basis, the non-landed private residential market expanded for the ninth consecutive quarter, led by a 6.0% increase in the OCR.
Treasure At Tampines emerged as the most actively leased development, surpassing Normanton Park, which fell to second place. Newly completed Tembusu Grand entered the rankings in third place. Marina One Residences and The Sail @ Marina Bay completed the top five.
Rental performance diverged, with the CCR experiencing a 1.2% increase in rents, driven by demand for smaller flats. In contrast, rents in the RCR remained flat, and the OCR saw a slight decline of 0.3%. Alan Cheong, Executive Director of Research & Consultancy at Savills Singapore, noted that whilst economic growth is expected to outperform forecasts, factors such as multinational corporations’ cash flow trends and policy changes may limit benefits to the leasing market. Consequently, private residential rents are expected to remain broadly flat in 2026.
