GITNUX MARKETDATA REPORT 2024
Statistics About The Average Rent In Singapore
The average monthly rent for residential properties in Singapore is around $3,500 to $4,000.
In this post, we provide a comprehensive overview of the average rent in Singapore, shedding light on key statistics and trends shaping the city-state’s rental landscape. From fluctuations in rental prices in different districts to insights on rental yields and tenant demographics, we delve into the data to offer a detailed glimpse into the current rental market in Singapore.
Statistic 1
"In 2022, the rental prices in the core central region of Singapore increased by about 15%."
Statistic 2
"The COVID-19 pandemic caused rental prices to dip by 5% in early 2020."
Statistic 3
"District 9 (Orchard/River Valley) has an average rental price of SGD 6,500 per month for premium units."
Statistic 4
"The most expensive rental district in Singapore is District 10 (Tanglin/Holland/Bukit Timah) with an average rent of SGD 8,000."
Statistic 5
"The average rent for a serviced apartment in Singapore is around SGD 6,000 per month."
Statistic 6
"The average monthly rent for a one-bedroom apartment outside the city center is approximately SGD 1,800."
Statistic 7
"The average monthly rent for a one-bedroom apartment in the city center is around SGD 2,800."
Statistic 8
"Rent prices for a two-bedroom apartment in the city center average around SGD 4,200 per month."
Statistic 9
"Demand for rental properties surged by 30% in 2021 due to construction delays in new homes."
Statistic 10
"Average rental yield in Singapore for residential properties is about 3-4%."
Statistic 11
"In Singapore, foreigners make up around 20% of the rental market."
Statistic 12
"Rents for public housing flats (HDB) increased by 10% in 2021."
Statistic 13
"Private condominium rentals in Singapore average around SGD 3,500 per month."
Statistic 14
"Rent in Singapore constitutes about 40% of the average household expenditure."
Statistic 15
"The cost of renting a three-bedroom apartment in the city center averages about SGD 5,500 per month."
Statistic 16
"Rental prices for Housing and Development Board (HDB) flats average around SGD 2,000 monthly for a four-room flat."
Statistic 17
"Utilities typically add about SGD 150 to 200 to the monthly rental cost."
Statistic 18
"Renting a single room in a shared HDB flat can cost between SGD 600 and SGD 1,000 per month."
Statistic 19
"Renting a three-bedroom apartment outside the city center costs about SGD 3,800 per month on average."
Statistic 20
"Landlords in prime locations often demand a two to three months’ security deposit."