A. Condo Rental Market
1. In April 2025, rental prices increased by 0.1%. CCR and OCR increased by 0.3% and 0.5%, respectively, while RCR remained the same compared to March 2025.
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Year-on-year, overall rental prices increased by 2.5% compared to April 2024.
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Year-on-year, rental prices in CCR, RCR, and OCR increased by 1.6%, 2%, and 2.9%, respectively.
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Rental volumes increased by 2.7% month-on-month. An estimated 6,088 units were rented in April 2025, compared to 5,929 in March 2025.
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Year-on-year, rental volumes were 3.6% higher.
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Rental volumes were 0.7% lower than the 5-year average for April.
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Breaking it down by region, in April 2025, 34.1% of the total rental volume was from OCR, 32.9% from RCR, and 33% from CCR.
B. HDB Rental Market
1. In April 2025, HDB rental prices increased by 0.3% compared to March 2025. Rental prices in Mature and Non-Mature Estates saw increases of 0.4% and 0.2%, respectively. 3-room and 4-room flats rose by 0.3% and 0.7%, respectively, while 5-room flat rentals held steady. In contrast, Executive flat rental prices declined by 0.9%.
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Overall rental prices increased by 2.9% compared to April 2024.
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Year-on-year, both Mature and Non-Mature Estate rental prices increased by 3.5% and 2.3%, respectively.
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Year-on-year, all room types recorded rental price increases: 3-room by 4.1%, 4-room by 2.5%, 5-room by 2.1%, and Executive by 2.4%.
2. Rental volumes increased by 5.9% month-on-month. An estimated 2,881 HDB flats were rented in April 2025, compared to 2,720 in March 2025.
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Year-on-year, rental volumes decreased by 3.4% compared to April 2024.
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Rental volumes were 7.8% lower than the 5-year average for April.
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Breaking it down by room type, in April 2025, 33.5% of the total rental volume was from 3-room, 36.8% from 4-room, 24.3% from 5-room, and 5.4% from Executive.
