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Should you buy residential, commercial or industrial property?

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Office rents doubled and home rents rose 127%, but industrial rents rose only 51%

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Office rents doubled and home rents rose 127%, but industrial rents rose only 51%

Rent index, 1998 Q4 = 100. Residential, office (central region) and industrial (JTC) rent indices, rebased. To 2026 Q2.

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Office rents doubled and home rents rose 127%, but industrial rents rose only 51%Rent index, 1998 Q4 = 100. Residential, office (central region) and industrial (JTC) rent indices, rebased. To 2026 Q2.501001502002502000200420082012201620202024Residential: 1998-Q4 to 2026-Q2Office: 1998-Q4 to 2026-Q2Industrial: 1998-Q4 to 2026-Q2Residential, 2026 Q2: 227ResidentialOffice, 2026 Q2: 202OfficeIndustrial, 2026 Q2: 151Industrial1998-Q4: Residential 100, Office 100, Industrial 1001999-Q1: Residential 95, Office 96, Industrial 931999-Q2: Residential 96, Office 92, Industrial 871999-Q3: Residential 97, Office 90, Industrial 841999-Q4: Residential 98, Office 91, Industrial 852000-Q1: Residential 98, Office 93, Industrial 852000-Q2: Residential 100, Office 97, Industrial 872000-Q3: Residential 102, Office 100, Industrial 862000-Q4: Residential 99, Office 102, Industrial 852001-Q1: Residential 98, Office 104, Industrial 842001-Q2: Residential 98, Office 104, Industrial 832001-Q3: Residential 97, Office 101, Industrial 832001-Q4: Residential 96, Office 94, Industrial 822002-Q1: Residential 95, Office 92, Industrial 812002-Q2: Residential 95, Office 88, Industrial 792002-Q3: Residential 95, Office 85, Industrial 772002-Q4: Residential 95, Office 83, Industrial 762003-Q1: Residential 92, Office 80, Industrial 742003-Q2: Residential 91, Office 78, Industrial 732003-Q3: Residential 90, Office 75, Industrial 712003-Q4: Residential 90, Office 74, Industrial 692004-Q1: Residential 89, Office 73, Industrial 692004-Q2: Residential 89, Office 74, Industrial 692004-Q3: Residential 90, Office 76, Industrial 702004-Q4: Residential 90, Office 76, Industrial 702005-Q1: Residential 91, Office 78, Industrial 712005-Q2: Residential 91, Office 79, Industrial 712005-Q3: Residential 92, Office 81, Industrial 722005-Q4: Residential 93, Office 86, Industrial 742006-Q1: Residential 94, Office 88, Industrial 752006-Q2: Residential 96, Office 94, Industrial 752006-Q3: Residential 101, Office 100, Industrial 752006-Q4: Residential 106, Office 112, Industrial 772007-Q1: Residential 114, Office 124, Industrial 812007-Q2: Residential 126, Office 138, Industrial 872007-Q3: Residential 140, Office 158, Industrial 952007-Q4: Residential 150, Office 175, Industrial 1022008-Q1: Residential 158, Office 188, Industrial 1082008-Q2: Residential 162, Office 200, Industrial 1102008-Q3: Residential 161, Office 198, Industrial 1112008-Q4: Residential 152, Office 185, Industrial 1062009-Q1: Residential 139, Office 166, Industrial 1002009-Q2: Residential 132, Office 153, Industrial 952009-Q3: Residential 129, Office 146, Industrial 922009-Q4: Residential 130, Office 142, Industrial 922010-Q1: Residential 136, Office 142, Industrial 942010-Q2: Residential 144, Office 144, Industrial 952010-Q3: Residential 150, Office 152, Industrial 1002010-Q4: Residential 153, Office 159, Industrial 1052011-Q1: Residential 155, Office 168, Industrial 1112011-Q2: Residential 157, Office 171, Industrial 1172011-Q3: Residential 159, Office 172, Industrial 1202011-Q4: Residential 159, Office 173, Industrial 1212012-Q1: Residential 160, Office 172, Industrial 1232012-Q2: Residential 160, Office 171, Industrial 1262012-Q3: Residential 162, Office 171, Industrial 1282012-Q4: Residential 163, Office 171, Industrial 1332013-Q1: Residential 164, Office 170, Industrial 1342013-Q2: Residential 164, Office 171, Industrial 1332013-Q3: Residential 165, Office 172, Industrial 1392013-Q4: Residential 164, Office 173, Industrial 1402014-Q1: Residential 163, Office 177, Industrial 1402014-Q2: Residential 162, Office 182, Industrial 1402014-Q3: Residential 161, Office 187, Industrial 1382014-Q4: Residential 159, Office 190, Industrial 1372015-Q1: Residential 156, Office 191, Industrial 1372015-Q2: Residential 155, Office 186, Industrial 1362015-Q3: Residential 154, Office 181, Industrial 1352015-Q4: Residential 152, Office 177, Industrial 1342016-Q1: Residential 150, Office 174, Industrial 1302016-Q2: Residential 149, Office 168, Industrial 1282016-Q3: Residential 147, Office 166, Industrial 1252016-Q4: Residential 146, Office 163, Industrial 1252017-Q1: Residential 144, Office 157, Industrial 1242017-Q2: Residential 144, Office 156, Industrial 1232017-Q3: Residential 144, Office 159, Industrial 1212017-Q4: Residential 143, Office 163, Industrial 1212018-Q1: Residential 143, Office 168, Industrial 1212018-Q2: Residential 145, Office 170, Industrial 1212018-Q3: Residential 145, Office 175, Industrial 1212018-Q4: Residential 144, Office 176, Industrial 1212019-Q1: Residential 145, Office 175, Industrial 1212019-Q2: Residential 147, Office 177, Industrial 1212019-Q3: Residential 147, Office 176, Industrial 1212019-Q4: Residential 146, Office 170, Industrial 1212020-Q1: Residential 147, Office 169, Industrial 1212020-Q2: Residential 145, Office 169, Industrial 1202020-Q3: Residential 145, Office 161, Industrial 1192020-Q4: Residential 145, Office 156, Industrial 1192021-Q1: Residential 148, Office 161, Industrial 1202021-Q2: Residential 152, Office 163, Industrial 1202021-Q3: Residential 155, Office 157, Industrial 1212021-Q4: Residential 159, Office 158, Industrial 1222022-Q1: Residential 166, Office 161, Industrial 1232022-Q2: Residential 177, Office 165, Industrial 1252022-Q3: Residential 192, Office 168, Industrial 1272022-Q4: Residential 207, Office 177, Industrial 1302023-Q1: Residential 221, Office 186, Industrial 1342023-Q2: Residential 228, Office 190, Industrial 1362023-Q3: Residential 229, Office 200, Industrial 1392023-Q4: Residential 225, Office 200, Industrial 1412024-Q1: Residential 220, Office 197, Industrial 1442024-Q2: Residential 218, Office 203, Industrial 1452024-Q3: Residential 220, Office 202, Industrial 1462024-Q4: Residential 220, Office 200, Industrial 1462025-Q1: Residential 221, Office 201, Industrial 1472025-Q2: Residential 223, Office 200, Industrial 1482025-Q3: Residential 226, Office 200, Industrial 1492025-Q4: Residential 224, Office 201, Industrial 1502026-Q1: Residential 225, Office 200, Industrial 1512026-Q2: Residential 227, Office 202, Industrial 151

Source: URA and JTC via SingStat. Residential: URA rental index (M212261 family); office: URA, central region; industrial: JTC (M212171). All rebased to 1998 Q4.. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Office rents doubled and home rents rose 127%, but industrial rents rose only 51%
PeriodResidentialOfficeIndustrial
1998-Q4100100100
1999-Q1959693
1999-Q2969287
1999-Q3979084
1999-Q4989185
2000-Q1989385
2000-Q21009787
2000-Q310210086
2000-Q49910285
2001-Q19810484
2001-Q29810483
2001-Q39710183
2001-Q4969482
2002-Q1959281
2002-Q2958879
2002-Q3958577
2002-Q4958376
2003-Q1928074
2003-Q2917873
2003-Q3907571
2003-Q4907469
2004-Q1897369
2004-Q2897469
2004-Q3907670
2004-Q4907670
2005-Q1917871
2005-Q2917971
2005-Q3928172
2005-Q4938674
2006-Q1948875
2006-Q2969475
2006-Q310110075
2006-Q410611277
2007-Q111412481
2007-Q212613887
2007-Q314015895
2007-Q4150175102
2008-Q1158188108
2008-Q2162200110
2008-Q3161198111
2008-Q4152185106
2009-Q1139166100
2009-Q213215395
2009-Q312914692
2009-Q413014292
2010-Q113614294
2010-Q214414495
2010-Q3150152100
2010-Q4153159105
2011-Q1155168111
2011-Q2157171117
2011-Q3159172120
2011-Q4159173121
2012-Q1160172123
2012-Q2160171126
2012-Q3162171128
2012-Q4163171133
2013-Q1164170134
2013-Q2164171133
2013-Q3165172139
2013-Q4164173140
2014-Q1163177140
2014-Q2162182140
2014-Q3161187138
2014-Q4159190137
2015-Q1156191137
2015-Q2155186136
2015-Q3154181135
2015-Q4152177134
2016-Q1150174130
2016-Q2149168128
2016-Q3147166125
2016-Q4146163125
2017-Q1144157124
2017-Q2144156123
2017-Q3144159121
2017-Q4143163121
2018-Q1143168121
2018-Q2145170121
2018-Q3145175121
2018-Q4144176121
2019-Q1145175121
2019-Q2147177121
2019-Q3147176121
2019-Q4146170121
2020-Q1147169121
2020-Q2145169120
2020-Q3145161119
2020-Q4145156119
2021-Q1148161120
2021-Q2152163120
2021-Q3155157121
2021-Q4159158122
2022-Q1166161123
2022-Q2177165125
2022-Q3192168127
2022-Q4207177130
2023-Q1221186134
2023-Q2228190136
2023-Q3229200139
2023-Q4225200141
2024-Q1220197144
2024-Q2218203145
2024-Q3220202146
2024-Q4220200146
2025-Q1221201147
2025-Q2223200148
2025-Q3226200149
2025-Q4224201150
2026-Q1225200151
2026-Q2227202151
Topic
Should you buy residential, commercial or industrial property?
Segment
Commercial and industrial
Chart type
Line chart
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Should you buy residential, commercial or industrial property?

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