In the Singapore condominium rental market, demand outstrips supply, driving condo rents to continue climbing. In 2021, Singapore condo rents rose by 11.4% for the full year.
For the full year of 2022, rents increased by 29.7%. This strong rental growth was driven by limited supply, short-term leasing demand due to construction delays of new projects in 2020 and 2021, and increased demand from more expatriates.
The Singapore rental market is expected to see further growth in 2023, but the rate of increase will slow down compared to 2022.
The new round of property cooling measures introduced in mid-December 2021 may prompt buyers to sell their current homes and opt to rent before purchasing their next property. Given the higher Additional Buyer’s Stamp Duty (ABSD), expatriates may choose to rent instead of buy, creating more demand in the rental market. Coupled with the supply-demand imbalance in the rental market, AnjiaSG predicts that private residential rents will increase by 5% to 10% this year.
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Today, let’s look at the rental prices in the Singapore condo market across 3 regions: Outside Central Region (OCR), Rest of Central Region (RCR), Core Central Region (CCR), and the 28 postal districts.
This way, if you choose to invest in a condominium in Singapore, you will have a better idea of the rental yield.
Latest & Hottest Residential Units
PSF from $2,802
District 09 (Orchard / River Valley)
Freehold
1 to 3 Bedroom units from $1.356M
- Location & Convenience: Located in a prime area of Singapore’s core central region, adjacent to Dhoby Ghaut MRT station, providing quick and easy connections to the entire island. The project site was formerly Sophia Ville and Fairhaven, acquired through a collective sale of S$62 million.
- Project Information: This development offers 78 exclusive residential units distributed across two 5-story buildings. Residents can enjoy a variety of condominium facilities such as a swimming pool, spa pool, social and reading lounges, outdoor BBQ area, rooftop bar, and dining areas.
- Unit Mix and Price: A variety of floor plans are available, from 1-bedroom units (441 sq ft) to 3-bedroom dual-key units (829 sq ft), catering to different living needs. Prices are highly attractive, offering buyers an excellent investment opportunity.
- Educational Institutions: The project is close to several renowned schools, including St. Margaret’s Primary School, River Valley Primary School, Chatsworth International School, and Stamford Primary School, ensuring residents’ children have access to quality education.
- URA Transformation Plan: It will benefit from the upcoming Orchard Road URA transformation plan, which aims to turn the Orchard area into a vibrant lifestyle destination, thus increasing the project’s appeal.
PSF from $2,041
District 15 (East Coast / Marine Parade)
99-Year Leasehold
1 to 5 Bedroom units and Penthouses from $1.390M
- Prime Location: Located in Tanjong Katong in District 15, just a one-minute walk from Dakota MRT station, offering convenient transport links to all major locations in Singapore.
- Abundant Shopping and Dining Options: Surrounded by multiple shopping centers such as City Plaza, Katong Shopping Centre, and PLQ Mall, as well as a diverse range of dining choices, including local and international cuisine.
- Rich Leisure and Entertainment Facilities: Close to East Coast Park, where residents can enjoy seaside activities. The Circle Line MRT also provides easy access to leisure spots like the Marina Bay Waterfront Promenade and Gardens by the Bay.
- Educational Institutions: Close to several prestigious schools, including Kong Hwa School, Haig Girls’ School, and Tanjong Katong Primary, providing convenience for families with school-aged children.
- Diverse Residential Choices: Offers a variety of unit types from 1-bedroom to 5-bedroom apartments, as well as penthouses, meeting the needs of different families and investors.
- Excellent Connectivity: In addition to being near an MRT station, multiple bus routes and expressways provide convenient city connections.
Table of Contents
Singapore Condo Rents: Outside Central Region (OCR) Rents
Unit Type: 1 Bedroom | Average Rent: S$2,447
Unit Type: 2 Bedroom | Average Rent: S$3,036
Unit Type: 3 Bedroom | Average Rent: S$3,734
Unit Type: 4 Bedroom | Average Rent: S$4,958
Unit Type: 5 Bedroom+ | Average Rent: S$6,744
Singapore Condo Rents: Rest of Central Region (RCR) Rents
Unit Type: 1 Bedroom | Average Rent: S$2,689
Unit Type: 2 Bedroom | Average Rent: S$3,625
Unit Type: 3 Bedroom | Average Rent: S$4,789
Unit Type: 4 Bedroom | Average Rent: S$7,231
Unit Type: 5 Bedroom+ | Average Rent: S$8,527
Singapore Condo Rents: Core Central Region (CCR) Rents
Unit Type: 1 Bedroom | Average Rent: S$3,579
Unit Type: 2 Bedroom | Average Rent: S$4,896
Unit Type: 3 Bedroom | Average Rent: S$6,933
Unit Type: 4 Bedroom | Average Rent: S$11,655
Unit Type: 5 Bedroom+ | Average Rent: S$17,236
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Singapore Condo Rents Across 28 Postal Districts
D1. Singapore Condo Rents in Boat Quay, Marina Bay, Raffles Place
Unit Type: 1 Bedroom | Average Rent: S$3,999
Unit Type: 2 Bedroom | Average Rent: S$5,689
Unit Type: 3 Bedroom | Average Rent: S$7,381
Unit Type: 4 Bedroom | Average Rent: S$13,130
Unit Type: 5 Bedroom+ | Average Rent: S$16,650
D2. Singapore Condo Rents in Chinatown, Tanjong Pagar
Unit Type: 1 Bedroom | Average Rent: S$3,555
Unit Type: 2 Bedroom | Average Rent: S$4,753
Unit Type: 3 Bedroom | Average Rent: S$7,858
Unit Type: 4 Bedroom | Average Rent: S$15,867
D3. Singapore Condo Rents in Alexandra, Commonwealth
Unit Type: 1 Bedroom | Average Rent: S$3,099
Unit Type: 2 Bedroom | Average Rent: S$4,192
Unit Type: 3 Bedroom | Average Rent: S$5,316
Unit Type: 4 Bedroom | Average Rent: S$7,170
Unit Type: 5 Bedroom+ | Average Rent: S$10,842
D4. Singapore Condo Rents in Harbourfront, Telok Blangah
Unit Type: 1 Bedroom | Average Rent: S$3,201
Unit Type: 2 Bedroom | Average Rent: S$4,695
Unit Type: 3 Bedroom | Average Rent: S$7,557
Unit Type: 4 Bedroom | Average Rent: S$12,081
Unit Type: 5 Bedroom+ | Average Rent: S$18,545
D5. Singapore Condo Rents in Buona Vista, West Coast, Clementi New Town
Unit Type: 1 Bedroom | Average Rent: S$2,891
Unit Type: 2 Bedroom | Average Rent: S$3,518
Unit Type: 3 Bedroom | Average Rent: S$4,580
Unit Type: 4 Bedroom | Average Rent: S$6,062
Unit Type: 5 Bedroom+ | Average Rent: S$7,263
D6. Singapore Condo Rents in City Hall, Clarke Quay
Unit Type: 1 Bedroom | Average Rent: S$4,146
Unit Type: 2 Bedroom | Average Rent: S$5,304
Unit Type: 3 Bedroom | Average Rent: S$13,500
Unit Type: 4 Bedroom | Average Rent: S$19,500
D7. Singapore Condo Rents in Beach Road, Bugis, Rochor
Unit Type: 1 Bedroom | Average Rent: S$3,932
Unit Type: 2 Bedroom | Average Rent: S$4,399
Unit Type: 3 Bedroom | Average Rent: S$6,492
Unit Type: 4 Bedroom | Average Rent: S$11,981
Unit Type: 5 Bedroom+ | Average Rent: S$15,800
D8. Singapore Condo Rents in Farrer Park, Serangoon Road
Unit Type: 1 Bedroom | Average Rent: S$3,182
Unit Type: 2 Bedroom | Average Rent: S$3,739
Unit Type: 3 Bedroom | Average Rent: S$4,713
Unit Type: 4 Bedroom | Average Rent: S$5,847
Unit Type: 5 Bedroom+ | Average Rent: S$8,000
D9. Singapore Condo Rents in Orchard Road, River Valley
Unit Type: 1 Bedroom | Average Rent: S$3,706
Unit Type: 2 Bedroom | Average Rent: S$5,420
Unit Type: 3 Bedroom | Average Rent: S$7,523
Unit Type: 4 Bedroom | Average Rent: S$10,467
Unit Type: 5 Bedroom+ | Average Rent: S$15,901
D10. Singapore Condo Rents in Tanglin, Holland Road, Bukit Timah
Unit Type: 1 Bedroom | Average Rent: S$3,181
Unit Type: 2 Bedroom | Average Rent: S$4,651
Unit Type: 3 Bedroom | Average Rent: S$6,880
Unit Type: 4 Bedroom | Average Rent: S$12,664
Unit Type: 5 Bedroom+ | Average Rent: S$21,863
D11. Singapore Condo Rents in Newton, Novena
Unit Type: 1 Bedroom | Average Rent: S$2,903
Unit Type: 2 Bedroom | Average Rent: S$4,627
Unit Type: 3 Bedroom | Average Rent: S$5,953
Unit Type: 4 Bedroom | Average Rent: S$9,147
Unit Type: 5 Bedroom+ | Average Rent: S$13,100
D12. Singapore Condo Rents in Balestier, Toa Payoh
Unit Type: 1 Bedroom | Average Rent: S$2,619
Unit Type: 2 Bedroom | Average Rent: S$3,235
Unit Type: 3 Bedroom | Average Rent: S$4,046
Unit Type: 4 Bedroom | Average Rent: S$5,676
Unit Type: 5 Bedroom+ | Average Rent: S$7,800
D13. Singapore Condo Rents in MacPherson, Potong Pasir
Unit Type: 1 Bedroom | Average Rent: S$2,614
Unit Type: 2 Bedroom | Average Rent: S$3,519
Unit Type: 3 Bedroom | Average Rent: S$4,392
Unit Type: 4 Bedroom | Average Rent: S$5,544
Unit Type: 5 Bedroom+ | Average Rent: S$10,767
D14. Singapore Condo Rents in Eunos, Geylang, Paya Lebar
Unit Type: 1 Bedroom | Average Rent: S$2,565
Unit Type: 2 Bedroom | Average Rent: S$3,336
Unit Type: 3 Bedroom | Average Rent: S$3,987
Unit Type: 4 Bedroom | Average Rent: S$5,343
Unit Type: 5 Bedroom+ | Average Rent: S$9,750
D15. Singapore Condo Rents in East Coast, Marine Parade
Unit Type: 1 Bedroom | Average Rent: S$2,842
Unit Type: 2 Bedroom | Average Rent: S$3,763
Unit Type: 3 Bedroom | Average Rent: S$5,126
Unit Type: 4 Bedroom | Average Rent: S$7,245
Unit Type: 5 Bedroom+ | Average Rent: S$8,658
D16. Singapore Condo Rents in Bedok, Upper East Coast
Unit Type: 1 Bedroom | Average Rent: S$2,533
Unit Type: 2 Bedroom | Average Rent: S$3,007
Unit Type: 3 Bedroom | Average Rent: S$3,817
Unit Type: 4 Bedroom | Average Rent: S$5,254
Unit Type: 5 Bedroom+ | Average Rent: S$6,870
D17. Singapore Condo Rents in Loyang, Changi
Unit Type: 1 Bedroom | Average Rent: S$2,102
Unit Type: 2 Bedroom | Average Rent: S$2,693
Unit Type: 3 Bedroom | Average Rent: S$3,202
Unit Type: 4 Bedroom | Average Rent: S$3,894
Unit Type: 5 Bedroom+ | Average Rent: S$5,900
D18. Singapore Condo Rents in Pasir Ris, Tampines
Unit Type: 1 Bedroom | Average Rent: S$2,351
Unit Type: 2 Bedroom | Average Rent: S$2,908
Unit Type: 3 Bedroom | Average Rent: S$3,529
Unit Type: 4 Bedroom | Average Rent: S$4,558
Unit Type: 5 Bedroom+ | Average Rent: S$6,259
D19. Singapore Condo Rents in Hougang, Punggol, Sengkang
Unit Type: 1 Bedroom | Average Rent: S$2,369
Unit Type: 2 Bedroom | Average Rent: S$2,939
Unit Type: 3 Bedroom | Average Rent: S$3,750
Unit Type: 4 Bedroom | Average Rent: S$4,903
Unit Type: 5 Bedroom+ | Average Rent: S$7,332
D20. Singapore Condo Rents in Ang Mo Kio, Bishan, Thomson
Unit Type: 1 Bedroom | Average Rent: S$2,667
Unit Type: 2 Bedroom | Average Rent: S$3,378
Unit Type: 3 Bedroom | Average Rent: S$4,088
Unit Type: 4 Bedroom | Average Rent: S$5,226
Unit Type: 5 Bedroom+ | Average Rent: S$9,250
D21. Singapore Condo Rents in Clementi Park, Upper Bukit Timah
Unit Type: 1 Bedroom | Average Rent: S$2,604
Unit Type: 2 Bedroom | Average Rent: S$3,233
Unit Type: 3 Bedroom | Average Rent: S$4,168
Unit Type: 4 Bedroom | Average Rent: S$5,581
Unit Type: 5 Bedroom+ | Average Rent: S$9,833
D22. Singapore Condo Rents in Boon Lay, Jurong, Tuas
Unit Type: 1 Bedroom | Average Rent: S$2,799
Unit Type: 2 Bedroom | Average Rent: S$3,413
Unit Type: 3 Bedroom | Average Rent: S$3,985
Unit Type: 4 Bedroom | Average Rent: S$5,445
Unit Type: 5 Bedroom+ | Average Rent: S$7,420
D23. Singapore Condo Rents in Dairy Farm, Bukit Panjang, Choa Chu Kang
Unit Type: 1 Bedroom | Average Rent: S$2,490
Unit Type: 2 Bedroom | Average Rent: S$2,925
Unit Type: 3 Bedroom | Average Rent: S$3,487
Unit Type: 4 Bedroom | Average Rent: S$4,469
Unit Type: 5 Bedroom+ | Average Rent: S$6,650
D25. Singapore Condo Rents in Admiralty, Woodlands
Unit Type: 1 Bedroom | Average Rent: S$2,122
Unit Type: 2 Bedroom | Average Rent: S$2,647
Unit Type: 3 Bedroom | Average Rent: S$3,533
Unit Type: 4 Bedroom | Average Rent: S$4,062
Unit Type: 5 Bedroom+ | Average Rent: S$4,300
D26. Singapore Condo Rents in Mandai, Upper Thomson
Unit Type: 1 Bedroom | Average Rent: S$2,273
Unit Type: 2 Bedroom | Average Rent: S$2,684
Unit Type: 3 Bedroom | Average Rent: S$3,331
Unit Type: 4 Bedroom | Average Rent: S$4,868
Unit Type: 5 Bedroom+ | Average Rent: S$5,700
D27. Singapore Condo Rents in Sembawang, Yishun
Unit Type: 1 Bedroom | Average Rent: S$2,483
Unit Type: 2 Bedroom | Average Rent: S$2,930
Unit Type: 3 Bedroom | Average Rent: S$3,283
Unit Type: 4 Bedroom | Average Rent: S$3,915
Unit Type: 5 Bedroom+ | Average Rent: S$8,900
D28. Singapore Condo Rents in Seletar, Yio Chu Kang
Unit Type: 1 Bedroom | Average Rent: S$2,374
Unit Type: 2 Bedroom | Average Rent: S$2,807
Unit Type: 3 Bedroom | Average Rent: S$3,294
Unit Type: 4 Bedroom | Average Rent: S$4,204
Unit Type: 5 Bedroom+ | Average Rent: S$5,050
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