In January 2025, rents for non-land private homes in Singapore fell, a slight decrease of 0.3% month-on-month, while in December last year it rose by 0.9% month-on-month.

Despite the decline in rents, rental transaction volume continued its upward momentum at the end of last year, up 7.6% month-on-month in January.

Real estate website 99.co and Singapore Real Estate Joint Transaction Network (SRX) reported January estimates released on Thursday (February 20) that the number of local non-land private homes increased to 6,306 units, but it is still more than in the past The average in January 2015 was 5.6%.

Rents in January fell month-on-month, mainly due to the decline of 0.6% and 0.4% month-on-month, respectively. Rents outside the Central District (OCR) remain unchanged.

Compared with January 2025, rents for non-land private homes still rose by 0.5%. Among them, rents in the core central district fell by 1.8% year-on-year, while other central districts and other central districts rose by 1.9% and 0.4% respectively.

Further reading

Private home rental market may be in short supply and rents are expected to rise 2% to 4% this year

Private home rental market may be in short supply and rents are expected to rise 2% to 4% this year

Private home prices slowed to 3.9% last year, rents fell 1.9% for the first time in four years

Private home prices slowed to 3.9% last year, rents fell 1.9% for the first time in four years