Data is accurate as of 26 August 2026.
In Part 1 of our Singapore Property Market Snapshot for June 2026, we examined resale activity and pricing trends across condos, HDB flats and landed homes, while Part 2 focused on the month’s biggest resale gains and losses.
In this final instalment, we turn to Singapore’s rental market, analysing rental volumes, average rental prices, the most active projects and estates and the highest-value rental transactions across the three property segments.
Condo Rental Trends in July 2026
1. Condo Rental Volume and Price Trend
Image: Condo Rental Volume & Price Trend in July 2026. Source: RealInsight
Condo rental activity remained stable in July 2026, with about 10,300 rental transactions recorded, slightly higher than the 9,900 transactions in June. The average condo rental rate also increased from S$5.0 PSF to S$5.1 PSF. While rental volume remained below the peaks recorded in March, April and May, July marked a recovery in average rental PSF after June’s dip, returning to the same level as January and May.
2. Top 5 Condo Projects by Rental Volume
Image: Top 5 Condo Projects by Rental Volume in July 2026. Source: RealInsight
Normanton Park recorded the highest condo rental volume, with 72 transactions, and with Stirling Residences not far behind at 71 transactions. Their average monthly rents were S$4,430 and S$4,630 respectively. J Gateway followed with 57 transactions averaging at S$4,700, while Lakeville and Parc Riviera followed with 55 transactions each, averaging at S$4,700 and S$4,400 respectively. Among the five, J Gateway and Lakeville recorded the highest average monthly rent.
The top five were concentrated mainly in the west and city-fringe areas, including Normanton, Queenstown, Jurong and West Coast. Rental demand also came from a broad mix of unit sizes, with 2-bedroom units forming the largest share at several projects. This suggests accessibility, location and availability of mid-sized units may have supported rental activity across these developments.
Image: Rental Volume Breakdown by Unit Types of Normanton Park. Source: RealInsight
2-bedroom units accounted for the largest share of rental activity at Normanton Park, with 34 transactions at an average monthly rent of S$4,400. This was followed by 1-bedroom units with 24 transactions averaging S$3,510, while 3-bedroom units recorded 10 transactions at a higher average rent of S$5,380.
The distribution shows that rental demand was concentrated in smaller and mid-sized units, particularly 1- and 2-bedroom homes. Larger units saw far fewer transactions despite commanding higher rents, suggesting that affordability and manageable unit sizes were more important to the majority of tenants at Normanton Park.
3. Top 5 Highest Condo Rental Transactions
Image: Top 5 Highest Condo Rental Transactions in July 2026. Source: RealInsight
Marina Bay Residences recorded July 2026’s highest condo rental transaction at S$65,000 for an 11,043 sqft 5+ bedroom unit. Nassim Park Residences followed at S$47,500 for an 8,086 sqft 5+ bedroom unit, while a 4-bedroom unit at The Nassim rented for S$45,000. Ardmore Residence recorded S$40,000 for a 3,161 sqft unit, and another 5+ bedroom unit at Marina Bay Residences rented for S$39,300.
The highest-value rentals were concentrated in large luxury homes in prime central locations. Four of the five transactions involved units above 4,000sqft or premium projects in areas such as Marina Bay and Nassim. The results suggest that at the upper end of the condo rental market, exceptionally large floor areas, prestigious addresses and limited high-end stock can support substantially higher monthly rents.
HDB Rental Trends in July 2026
1. HDB Rental Volume and Price Trend
Image: HDB Rental Volume & Price Trend in July 2026. Source: RealInsight
HDB rental volume increased to almost 5,400 transactions in July 2026, up 2.5% from about 5,200 in June and 8.6% from about 5,000 in May. July recorded the highest monthly rental volume so far this year. Average rental pricing remained at around S$2.5 PSF, broadly unchanged from June and May and slightly below the S$2.6 PSF levels recorded in January and March.
The data suggests HDB rental demand continued to strengthen even as rental pricing stayed relatively stable. With transaction volume reaching a year-to-date high while average PSF remained largely flat, July’s market appears to have been driven more by increased leasing activity than by further rental price growth.
2. Top 5 HDB Projects by Rental Volume
Image: Top 5 HDB Projects by Rental Volume in July 2026. Source: RealInsight
Clementi Meadows recorded the highest HDB rental volume in July 2026 with 23 transactions at an average monthly rent of S$3,170. Kebun Baru Heights recorded 21 transactions at an average rent of S$2,670, while Eunos Spring recorded 20 transactions at S$2,740. Depot Heights and Edelweiss@Jurong completed the top five with 17 transactions each, averaging S$4,240 and S$2,310 respectively. Depot Heights had the highest average rent among the five.
The top projects were spread across different parts of Singapore rather than concentrated in a single town. Rental demand appeared strongest in established estates with access to amenities, transport links and a broad supply of flats. The wide range in average rents also suggests tenants were active across both more affordable neighbourhoods and higher-rent locations such as Depot Heights.
Image: Breakdown by Unit Types of Clementi Meadows. Source: RealInsight
3-room flats accounted for the majority of rental activity at Clementi Meadows, with 14 transactions at an average monthly rent of S$2,960. The remaining seven transactions were for 4-room flats, which recorded a higher average rent of S$3,690, while 2 more unclassified transactions were recorded with an average rent of S$2,750.
The distribution suggests tenant demand was more concentrated in smaller, more affordable 3-room flats, which made up almost two-thirds of transactions. While 4-room flats commanded higher rents, their lower transaction volume indicates that affordability may have played a bigger role in driving rental activity at Clementi Meadows.
3. Top 5 Highest HDB Rental Transactions
Image: Top 5 Highest HDB Rental Transactions in July 2026. Source: RealInsight
The highest HDB rental transaction in July 2026 was a 4-room flat at Block 66 Eng Watt Street, which was rented for S$6,800 per month and measured 1,195 sqft. This was followed by a multi-generation flat at Block 460 Tampines Street 42 at S$6,600, an executive flat at Block 910 Jurong West Street 91 at S$6,250, and another executive flat at Block 628 Jurong West Street 65, measuring 1,399 sqft, at S$6,200. Completing the Top 5 was an executive flat at Block 174 Bishan Street 13, rented for S$6,000 per month.
The list was dominated by larger flat types, with three executive flats and one multi-generation unit among the five highest-value rentals. While the Eng Watt Street 4-room flat stood out as the highest-priced transaction despite its smaller flat type, the remaining results suggest that larger layouts continued to command higher rents in established locations such as Tampines, Jurong West and Bishan.
Landed Rental Trends in July 2026
1. Landed Rental Volume and Price Trend
Image: Landed Rental Volume & Price Trend in July 2026. Source: RealInsight
Landed rental volume rose to slightly below 670 transactions in July 2026, up 6.2% from about 630 in June but still below May’s exactly 670 transactions and January’s year-to-date high of slightly above 670. Average rental pricing eased to S$3.3 PSF in July from S$3.4 PSF in June, though it remained above the S$3.1 PSF recorded in May.
The data suggests landed rental activity recovered slightly in July while pricing moderated from June’s peak. With volume increasing but average PSF slipping, tenant demand remained active, although the market showed less upward pressure on rents compared with the previous month.
2. Top 5 Landed Estates by Rental Volume
Image: Top 5 Landed Estates by Rental Volume in July 2026. Source: RealInsight
Serangoon Garden Estate recorded the highest landed rental volume in July 2026 with 17 transactions at an average monthly rent of S$8,740. Sembawang Hills Estate followed with 12 transactions averaging S$4,980. Westville and The Greenwood each recorded 8 transactions, with average rents of S$1,990 and S$11,310 respectively, while Opera Estate completed the top five with 7 transactions at an average rent of S$9,290. The Greenwood had the highest average rent among the five.
Rental activity was spread across several established landed enclaves across the island except for the south of Singapore rather than concentrated in one part of Singapore.
Image: Breakdown by Unit Types of Serangoon Garden Estate. Source: RealInsight
Terrace houses accounted for the largest share of rental activity at Serangoon Garden Estate, with 7 transactions at an average monthly rent of S$9,120. Semi-detached houses followed closely with 6 transactions averaging S$9,130, while detached houses recorded 3 transactions at an average rent of S$8,330.
The distribution shows that rental activity was concentrated mainly in terrace and semi-detached homes, which together made up 13 of the 17 transactions. Their similar average rents suggest tenant demand was centred on mid-sized landed options, while detached homes formed a smaller share despite generally offering larger living spaces.
3. Top 5 Highest Landed Rental Transactions
Image: Top 5 Highest Landed Rental Transactions in July 2026. Source: RealInsight
The highest landed rental transaction in July 2026 was a detached house at Coronation Road West in District 10, which rented for S$89,000 per month with an estimated built-up area of 14,766 sqft. A detached house at Third Avenue followed at S$75,000, with 8,902 sqft of land and an estimated 17,263 sqft built-up area. Sentosa Cove and Ocean Drive each recorded S$60,000 monthly rents, while a detached house at Ford Place rented for S$55,000.
All five transactions involved detached houses, highlighting the concentration of July’s highest landed rents in large, premium homes. The list was also dominated by established prime landed locations and Sentosa Cove, with several properties offering substantial land or built-up areas. These transactions reflect the very top end of the landed rental market rather than typical rental levels across the broader segment.
July 2026’s rental market remained relatively stable overall. HDB rental volume reached a year-to-date high while rents stayed broadly flat, condo demand remained concentrated in several high-volume projects, and landed rental activity edged up from June despite a slight dip in average PSF.
Read Part 1 of the Property Market Snapshot for July 2026 here, where we analyse resale trends across condos, HDBs and landed homes.
Read Part 2 of the Property Market Snapshot for July 2026 here, where we evaluate top gains and losses across condos, HDBs and landed homes.
Continue to read our previous monthly reports:
Singapore Property Market Snapshot – June 2026:
- Part 1 - Resale Trends Across Condos, HDBs and Landed Homes
- Part 2 - Gains and Losses Across Condos, HDBs and Landed Homes
- Part 3 - Rental Trends Across Condos, HDBs and Landed Homes
Singapore Property Market Snapshot – May 2026:
- Part 1 - Resale Trends Across Condos, HDBs and Landed Homes
- Part 2 - Gains and Losses Across Condos, HDBs and Landed Homes
- Part 3 - Rental Trends Across Condos, HDBs and Landed Homes
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