Condo Rental Prices Set New Record High Amid Continued Growth in the HDB Rental Market | Singapore Property News

Condo Rental Prices Set New Record High Amid Continued Growth in the HDB Rental Market

20 May 2026
Property Data

A. Condo Rental Market

  1. In April 2026, overall condo rental prices increased by 0.3% month-on-month, bringing rents to a new all-time high. Prices in CCR and OCR increased by 1.4% and 0.7%, respectively, while the RCR decreased by 0.4% compared to March 2026.
    • Year-on-year, overall rental prices increased by 2% compared to April 2025.
    • Year-on-year, rental prices in CCR, RCR, and OCR increased by 3.1%, 1.5%, and 1.1%, respectively.fig1fig2
  2. Rental volumes increased by 1.6% month-on-month. An estimated 6,491 units were rented in April 2026, compared to 6,386 in March 2026.
    • Year-on-year, rental volumes were 6.5% higher.
    • Rental volumes were 6.8% higher than the 5-year average for April.
    • Breaking it down by region for April 2026, 34.9% of the total rental volume was from OCR, 33.1% from RCR, and 32% from CCR.
fig3
fig4

B. HDB Rental Market

  1. In April 2026, HDB rental prices increased by 0.1% compared to March 2026. Rental prices in Mature towns increased by 0.4%, while Non-Mature towns decreased by 0.2%. Rental prices for 3-room and 5-room units decreased by 0.1% and 0.3%, respectively. 4-room prices remained stable, while Executive flats increased by 2.5%.
    • Overall rental prices increased by 1.3% compared to April 2025.
    • Year-on-year, rental prices in both Mature and Non-Mature Estates increased by 1.6% and 1%, respectively.
    • Year-on-year, rental prices for 3-room, 4-room, 5-room, and Executive flats increased by 1.5%, 1.1%, 1%, and 2.7%, respectively.fig5fig6fig7
  2. Rental volumes increased by 5.2% month-on-month. An estimated 2,806 HDB flats were rented in April 2026, compared to 2,667 in March 2026.
    • Year-on-year, rental volumes decreased by 2.7% compared to April 2025.
    • Rental volumes were 7.4% lower than the 5-year average for April.
    • In April 2026, 4-room flats made up the largest share of rental volume at 38.8%, followed by 3-room flats at 32.2%, 5-room flats at 24%, and Executive flats at 5%.fig8
    • fig9
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