Condo rentals plunge nearly 19% in September

Regional shares stayed tightly bunched between 31.1% and 34.5%.

Condo rental volumes fell by 18.6% month on month in September to about 6,774 units, from 8,318 in August, according to flash estimates from 99.co and SRX.

Despite the decrease, volumes were 5% higher year on year, compared with 6,452 units in September 2025.

Rental activity also remained 6.9% above the five-year average for September.

By region, the Outside Central Region accounted for 34.5% of total rental transactions at 2,337 units, followed by the Rest of Central Region at 34.4% with 2,331 units, and the Core Central Region at 31.1% with 2,106 units.

Activity has been uneven since September 2025. Rentals dipped to 5,832 units in October and fell further to 5,320 in November, before recovering to 6,041 in December.

The new year started on a firmer footing, with 6,757 units rented in January. Volumes then fell to 5,022 units in February, the lowest in the period.

Activity stayed relatively flat in March and April, at 6,386 and 6,492 units, respectively, before cooling to 5,858 units in May.

Volumes climbed to 6,973 units in June before surging to 9,627 units in July, the period’s peak. The pace then eased in August and slowed further in September.

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