Condo and HDB Rental Volumes Continue to Decline in September 2026 | Singapore Property News

Condo and HDB Rental Volumes Continue to Decline in September 2026

20 Oct 2026
Property Data

A. Condo Rental Market

  1. Overall condo rental prices decreased slightly by 0.1%. Prices in CCR increased by 0.6%, while RCR and OCR decreased by 0.3% and 0.8%, respectively, compared to August 2026.

  • Year-on-year, overall rental prices increased by 2.4% compared to September 2025.

  • Year-on-year, rental prices in CCR, RCR, and OCR increased by 2.8%, 1.9%, and 1.7%, respectively.

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  1. Rental volumes decreased by 18.6% month-on-month. An estimated 6,774 units were rented in September 2026, compared to 8,318 in August 2026.

  • Year-on-year, rental volumes were 5% higher.

  • Rental volumes were 6.9% higher than the 5-year average for September.

  • Breaking it down by region for September 2026, 34.5% of the total rental volume was from OCR, 34.4% from RCR, and 31.1% from CCR.

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B. HDB Rental Market

  1. In September 2026, HDB rental prices decreased by 0.6% compared to August 2026. Rental prices in Mature and Non-Mature estates decreased by 0.3% and 1%, respectively. Rental prices for 3-room, 4-room, 5-room, and Executive flats decreased by 0.3%, 0.8%, 0.4%, and 0.7%, respectively.

  • Overall rental prices increased by 1.1% compared to September 2025.

  • Rental prices in Mature and Non-Mature estates increased by 1.2% and 0.8%, respectively.

  • Year-on-year, rental prices for 3-room, 4-room, 5-room, and Executive flats increased by 0.9%, 0.9%, 1%, and 3.5%, respectively.


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  1. Rental volumes decreased by 15.4% month-on-month. An estimated 2,379 HDB flats were rented in September 2026, compared to 2,811 in August 2026.

  • Year-on-year, rental volumes decreased by 9.3%.

  • Rental volumes were 7.1% lower than the 5-year average for September.

  • In September 2026, 4-room flats made up the largest share of rental volume at 37.7%, followed by 3-room flats at 36%, 5-room flats at 21.2%, and Executive flats at 5.1%.


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