Rent growth peaked at 43% in 2007 Q4 and 32% in 2023 Q1, both with vacancy near 6%
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Rent growth peaked at 43% in 2007 Q4 and 32% in 2023 Q1, both with vacancy near 6%
Non-landed vacancy rate and change in the non-landed rental index over four quarters, per cent, 1999 Q4 to 2026 Q2
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Vacancy and rent growth move in opposite directions, but not tightly: the correlation is -0.40 over 107 quarters.
Source: URA non-landed vacancy and rental index (1Q2009 = 100) via SingStat. Vacancy: SingStat table M400841. Rent change: change of the rental index on the same quarter a year earlier.. Data to 2026 Q2.
Licence: green class (Singapore Open Data Licence).
View the data as a table
| Period | Vacancy | Rent change |
|---|---|---|
| 1999-Q4 | 9% | -2% |
| 2000-Q1 | 10% | 4% |
| 2000-Q2 | 10% | 5% |
| 2000-Q3 | 9% | 5% |
| 2000-Q4 | 8% | 1% |
| 2001-Q1 | 7% | 0% |
| 2001-Q2 | 8% | -2% |
| 2001-Q3 | 9% | -5% |
| 2001-Q4 | 9% | -3% |
| 2002-Q1 | 9% | -3% |
| 2002-Q2 | 9% | -3% |
| 2002-Q3 | 9% | -2% |
| 2002-Q4 | 10% | -1% |
| 2003-Q1 | 9% | -3% |
| 2003-Q2 | 9% | -4% |
| 2003-Q3 | 10% | -6% |
| 2003-Q4 | 9% | -5% |
| 2004-Q1 | 10% | -4% |
| 2004-Q2 | 10% | -2% |
| 2004-Q3 | 10% | -1% |
| 2004-Q4 | 10% | 0% |
| 2005-Q1 | 11% | 2% |
| 2005-Q2 | 10% | 3% |
| 2005-Q3 | 10% | 3% |
| 2005-Q4 | 10% | 3% |
| 2006-Q1 | 8% | 3% |
| 2006-Q2 | 7% | 5% |
| 2006-Q3 | 7% | 9% |
| 2006-Q4 | 7% | 15% |
| 2007-Q1 | 5% | 23% |
| 2007-Q2 | 5% | 33% |
| 2007-Q3 | 6% | 42% |
| 2007-Q4 | 6% | 43% |
| 2008-Q1 | 7% | 40% |
| 2008-Q2 | 7% | 29% |
| 2008-Q3 | 7% | 14% |
| 2008-Q4 | 7% | 1% |
| 2009-Q1 | 7% | -13% |
| 2009-Q2 | 7% | -20% |
| 2009-Q3 | 7% | -20% |
| 2009-Q4 | 6% | -15% |
| 2010-Q1 | 5% | -3% |
| 2010-Q2 | 6% | 9% |
| 2010-Q3 | 6% | 16% |
| 2010-Q4 | 6% | 18% |
| 2011-Q1 | 6% | 14% |
| 2011-Q2 | 6% | 9% |
| 2011-Q3 | 7% | 6% |
| 2011-Q4 | 7% | 3% |
| 2012-Q1 | 7% | 3% |
| 2012-Q2 | 7% | 2% |
| 2012-Q3 | 7% | 2% |
| 2012-Q4 | 6% | 2% |
| 2013-Q1 | 6% | 3% |
| 2013-Q2 | 6% | 3% |
| 2013-Q3 | 7% | 2% |
| 2013-Q4 | 7% | 1% |
| 2014-Q1 | 8% | 0% |
| 2014-Q2 | 8% | -1% |
| 2014-Q3 | 8% | -2% |
| 2014-Q4 | 9% | -3% |
| 2015-Q1 | 8% | -4% |
| 2015-Q2 | 9% | -5% |
| 2015-Q3 | 9% | -4% |
| 2015-Q4 | 9% | -5% |
| 2016-Q1 | 9% | -4% |
| 2016-Q2 | 10% | -3% |
| 2016-Q3 | 10% | -4% |
| 2016-Q4 | 10% | -4% |
| 2017-Q1 | 9% | -3% |
| 2017-Q2 | 9% | -3% |
| 2017-Q3 | 9% | -2% |
| 2017-Q4 | 9% | -2% |
| 2018-Q1 | 8% | -1% |
| 2018-Q2 | 8% | 0% |
| 2018-Q3 | 7% | 0% |
| 2018-Q4 | 7% | 0% |
| 2019-Q1 | 7% | 1% |
| 2019-Q2 | 7% | 2% |
| 2019-Q3 | 6% | 2% |
| 2019-Q4 | 6% | 2% |
| 2020-Q1 | 6% | 2% |
| 2020-Q2 | 6% | 0% |
| 2020-Q3 | 6% | -1% |
| 2020-Q4 | 7% | 0% |
| 2021-Q1 | 7% | 1% |
| 2021-Q2 | 7% | 5% |
| 2021-Q3 | 7% | 7% |
| 2021-Q4 | 6% | 10% |
| 2022-Q1 | 5% | 12% |
| 2022-Q2 | 6% | 16% |
| 2022-Q3 | 6% | 24% |
| 2022-Q4 | 6% | 30% |
| 2023-Q1 | 6% | 32% |
| 2023-Q2 | 6% | 27% |
| 2023-Q3 | 9% | 17% |
| 2023-Q4 | 9% | 7% |
| 2024-Q1 | 7% | -1% |
| 2024-Q2 | 6% | -4% |
| 2024-Q3 | 7% | -4% |
| 2024-Q4 | 6% | -2% |
| 2025-Q1 | 6% | 0% |
| 2025-Q2 | 7% | 2% |
| 2025-Q3 | 6% | 3% |
| 2025-Q4 | 5% | 2% |
| 2026-Q1 | 5% | 2% |
| 2026-Q2 | 5% | 2% |
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Vacancy and rentals
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