Private residential rents to rise on student demand, tight supply

Demand for units in Q32025, 2026 may be spurred by international students and subdued new residential completions.

Private residential rents are projected to reach a rent index of 170 in 2026.

The growth will follow the rise seen in the third quarter (Q3) of 2025 when the index hit 160, Cushman & Wakefield said in its Singapore Market Outlook 2026.

The rent index for private residential units is also estimated to reach 165 by the end of 2025, up from 160 in 2024, it added.

Demand for units in Q32025 and 2026 is expected to be spurred by international students and a constrained pipeline of new residential completions.

Singapore’s private residential rental market posted moderate gains in Q32025, with overall rents rising 1.1% over the last quarter across one- to five-bedroom non-landed units, according to Savills’ latest rental guide.

District 6, covering the City Hall, Clarke Quay, Beach Road, and High Street precinct, recorded the highest median monthly rent for three-bedroom non-landed units at $15,000, it added.

Meanwhile, leasing activity in the city-state’s market rose in the first quarter, with overall leasing volume increasing 4.8% QoQ, according to another report from Savills Singapore.

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