Singapore Residential rental market slows down with supply exceeding demand Property Trends Good to Know Popular Locations Sirva Tips Residential rental index fell 2.1% quarter-on-quarter. Pasir Panjang, West Coast, and Clementi New Town are Orchard Corporate landlord units are usually taken up very up-and-coming neighbourhoods. There could be a potential easing of residential rental Tanglin quickly without prior viewing appointments. property prices of up to 5% due to an in昀氀ux of newly Telok Blangah and HarbourFront have dramatically Keep an open mind and explore other areas outside Holland Village completed properties in the market. increased in popularity over the last eight years. of the core region, such as HarbourFront, East Coast, Average monthly rental of a 2-bedroom apartment in Thomson-East Coast Mass Rapid Transport (MRT) line Bukit Timah Serangoon Gardens, and West Coast. a mid-tier location is around SGD4000 to SGD5000. will open in the second quarter of 2024, providing Start searching for suitable units at least 1.5 months East Coast faster access to the city center for those living in the The Singapore residential rental market currently in advance. Serangoon Gardens east and North-South Corridor of Singapore. bene昀椀ts tenants as options are aplenty. Landlords are generally less selective of tenant pro昀椀le Typical length of tenancy is 2 years. in a market where supply exceeds demand. Property agents are less willing to co-broker for popular developments or properties in highly sought-after areas but, in general, many are willing to co-broker for apartments priced at SGD6000 and above.