Condo rents, leasing volumes ease in May

Prices also fell month on month.

Singapore’s condominium rental market softened in May 2026, with both prices and leasing activity declining month on month (MoM), according to the 99-SRX Media Flash Report from 99.co and SRX.

Overall condo rents fell 0.6% from April, with declines across all regions.

Core Central Region (CCR) rents were down 0.4%, Rest of Central Region (RCR) was down 0.6%, and Outside Central Region was down 1.0%.

Despite the monthly easing, rents remained 1.9% higher year on year (YoY) versus May 2025.

Leasing volumes also fell 9.8% MoM to an estimated 5,853 units, down from 6,492 in April.

On a YoY basis, volumes were 4.2% higher and 7.4% above the five-year average for May.

By region, OCR accounted for 36.1% of transactions, followed by RCR at 33.5% and CCR at 30.4%.

“The data suggests the market is shifting towards a more balanced environment, with demand remaining steady while supply conditions and hiring activity moderate upward pressure on rents,” said Luqman Hakim, chief data and analytics officer at 99.co.

Follow the link s for more news on

99.co

SRX

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia