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Areas and regions

Residential rents and yields by region

Which region pays the most rent for each dollar of price?

Asks which region pays the most rent for each dollar of price, and how rents moved. Rents rose fast to 2014, slid to 2017 and 2020, and then surged. Gross yields are close in all three regions, so the best region changes from time to time.

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The CCR had the most vacancy: 9.1% on average from 2020 to 2026, against 5.0% in the OCR

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The CCR had the most vacancy: 9.1% on average from 2020 to 2026, against 5.0% in the OCRThe CCR had the most vacancy: 9.1% on average from 2020 to 2026, against 5.0% in the OCRGross yield, OCR: 3.08%. avg, 2021 Q4 to 2026 Q2Gross yield, OCRGross yield, OCR: 3.08%. avg, 2021 Q4 to 2026 Q23.08%avg, 2021 Q4 to 2026 Q2Gross yield, RCR: 2.94%. avg, 2021 Q4 to 2026 Q2Gross yield, RCRGross yield, RCR: 2.94%. avg, 2021 Q4 to 2026 Q22.94%avg, 2021 Q4 to 2026 Q2Gross yield, CCR: 2.79%. avg, 2021 Q4 to 2026 Q2Gross yield, CCRGross yield, CCR: 2.79%. avg, 2021 Q4 to 2026 Q22.79%avg, 2021 Q4 to 2026 Q2Average CCR vacancy: 9.1%. OCR 5.0%, RCR 7.0%Average CCR vacancyAverage CCR vacancy: 9.1%. OCR 5.0%, RCR 7.0%9.1%OCR 5.0%, RCR 7.0%

Source: PropInsights from URA median rents and prices; vacancy: URA via SingStat. Yields: medians from 2021 Q4 to 2026 Q2. Vacancy: 2020 Q4 to 2026 Q2 (23 quarters). Singapore Open Data Licence.. Data to 2026 Q2.

Licence: amber class (URA website terms of use (personal, non-commercial)).

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The CCR had the most vacancy: 9.1% on average from 2020 to 2026, against 5.0% in the OCR
MeasureValueNote
Gross yield, OCR3.08%avg, 2021 Q4 to 2026 Q2
Gross yield, RCR2.94%avg, 2021 Q4 to 2026 Q2
Gross yield, CCR2.79%avg, 2021 Q4 to 2026 Q2
Average CCR vacancy9.1%OCR 5.0%, RCR 7.0%

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From gross yield to what you keep

How the yields in this section are built, and what is still to subtract.

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From gross yield to what you keepHow the yields in this section are built, and what is still to subtract.Median monthly rent. S$ per sq ftMedian monthly rentS$ per sq ftx 12. Rent for a yearx 12Rent for a yearMedian price. S$ per sq ftMedian priceS$ per sq ftGross yield. Before costs and taxGross yieldBefore costs and taxTake off. Vacancy, agent fees, maintenance. Property tax, loan costsTake offVacancy, agent fees, maintenanceProperty tax, loan costsWhat you keep. Net returnWhat you keepNet returndivide by

Source: PropInsights. Method: see Residential rents and yields by region. Gross yield is before costs, vacancy and tax..

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From gross yield to what you keep
StepDetailLeads to
Median monthly rentS$ per sq ftx 12
x 12Rent for a yearGross yield
Median priceS$ per sq ftGross yield (divide by)
Gross yieldBefore costs and taxTake off
Take offVacancy, agent fees, maintenance. Property tax, loan costsWhat you keep
What you keepNet return

FreeLine chart

Since 2004 suburban rents rose more than central rents: OCR up 168%, CCR up 142%

Rental index of non-landed private homes by region, rebased to 2004 Q1 = 100.

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Since 2004 suburban rents rose more than central rents: OCR up 168%, CCR up 142%Rental index of non-landed private homes by region, rebased to 2004 Q1 = 100.80120160200240280200420062008201020122014201620182020202220242026CCR: 2004-Q1 to 2026-Q2RCR: 2004-Q1 to 2026-Q2OCR: 2004-Q1 to 2026-Q2CCR, 2026 Q2: 242CCRRCR, 2026 Q2: 263RCROCR, 2026 Q2: 268OCR2004-Q1: CCR 100, RCR 100, OCR 1002004-Q2: CCR 100, RCR 99, OCR 1002004-Q3: CCR 99, RCR 96, OCR 1012004-Q4: CCR 99, RCR 94, OCR 1022005-Q1: CCR 100, RCR 92, OCR 1022005-Q2: CCR 100, RCR 92, OCR 1032005-Q3: CCR 101, RCR 93, OCR 1032005-Q4: CCR 103, RCR 93, OCR 1042006-Q1: CCR 105, RCR 95, OCR 1042006-Q2: CCR 109, RCR 99, OCR 1072006-Q3: CCR 117, RCR 105, OCR 1102006-Q4: CCR 123, RCR 111, OCR 1172007-Q1: CCR 132, RCR 122, OCR 1252007-Q2: CCR 148, RCR 134, OCR 1372007-Q3: CCR 166, RCR 150, OCR 1532007-Q4: CCR 175, RCR 163, OCR 1662008-Q1: CCR 184, RCR 174, OCR 1802008-Q2: CCR 189, RCR 176, OCR 1822008-Q3: CCR 188, RCR 175, OCR 1772008-Q4: CCR 176, RCR 164, OCR 1692009-Q1: CCR 158, RCR 152, OCR 1582009-Q2: CCR 150, RCR 143, OCR 1492009-Q3: CCR 147, RCR 140, OCR 1462009-Q4: CCR 148, RCR 140, OCR 1462010-Q1: CCR 156, RCR 146, OCR 1532010-Q2: CCR 166, RCR 153, OCR 1622010-Q3: CCR 172, RCR 159, OCR 1682010-Q4: CCR 176, RCR 165, OCR 1732011-Q1: CCR 178, RCR 165, OCR 1762011-Q2: CCR 179, RCR 167, OCR 1792011-Q3: CCR 180, RCR 168, OCR 1812011-Q4: CCR 180, RCR 170, OCR 1812012-Q1: CCR 181, RCR 171, OCR 1822012-Q2: CCR 181, RCR 172, OCR 1842012-Q3: CCR 182, RCR 174, OCR 1872012-Q4: CCR 183, RCR 175, OCR 1892013-Q1: CCR 185, RCR 175, OCR 1902013-Q2: CCR 185, RCR 175, OCR 1902013-Q3: CCR 186, RCR 176, OCR 1892013-Q4: CCR 185, RCR 176, OCR 1872014-Q1: CCR 184, RCR 177, OCR 1862014-Q2: CCR 184, RCR 177, OCR 1842014-Q3: CCR 180, RCR 176, OCR 1842014-Q4: CCR 178, RCR 176, OCR 1832015-Q1: CCR 175, RCR 173, OCR 1792015-Q2: CCR 173, RCR 171, OCR 1782015-Q3: CCR 172, RCR 170, OCR 1762015-Q4: CCR 171, RCR 167, OCR 1732016-Q1: CCR 169, RCR 166, OCR 1712016-Q2: CCR 169, RCR 165, OCR 1682016-Q3: CCR 166, RCR 164, OCR 1642016-Q4: CCR 166, RCR 164, OCR 1612017-Q1: CCR 165, RCR 162, OCR 1622017-Q2: CCR 165, RCR 161, OCR 1612017-Q3: CCR 164, RCR 163, OCR 1602017-Q4: CCR 162, RCR 162, OCR 1592018-Q1: CCR 163, RCR 161, OCR 1602018-Q2: CCR 165, RCR 162, OCR 1612018-Q3: CCR 163, RCR 164, OCR 1622018-Q4: CCR 162, RCR 164, OCR 1602019-Q1: CCR 165, RCR 163, OCR 1622019-Q2: CCR 167, RCR 165, OCR 1642019-Q3: CCR 166, RCR 168, OCR 1662019-Q4: CCR 164, RCR 167, OCR 1642020-Q1: CCR 167, RCR 168, OCR 1672020-Q2: CCR 166, RCR 165, OCR 1662020-Q3: CCR 162, RCR 165, OCR 1672020-Q4: CCR 161, RCR 167, OCR 1692021-Q1: CCR 165, RCR 170, OCR 1722021-Q2: CCR 170, RCR 175, OCR 1792021-Q3: CCR 171, RCR 177, OCR 1832021-Q4: CCR 176, RCR 182, OCR 1882022-Q1: CCR 183, RCR 191, OCR 1952022-Q2: CCR 197, RCR 202, OCR 2102022-Q3: CCR 211, RCR 222, OCR 2292022-Q4: CCR 226, RCR 238, OCR 2472023-Q1: CCR 241, RCR 253, OCR 2622023-Q2: CCR 245, RCR 258, OCR 2702023-Q3: CCR 241, RCR 263, OCR 2742023-Q4: CCR 237, RCR 259, OCR 2662024-Q1: CCR 234, RCR 254, OCR 2622024-Q2: CCR 233, RCR 251, OCR 2592024-Q3: CCR 230, RCR 255, OCR 2652024-Q4: CCR 232, RCR 256, OCR 2622025-Q1: CCR 233, RCR 257, OCR 2642025-Q2: CCR 237, RCR 257, OCR 2652025-Q3: CCR 236, RCR 262, OCR 2712025-Q4: CCR 237, RCR 263, OCR 2662026-Q1: CCR 239, RCR 263, OCR 2692026-Q2: CCR 242, RCR 263, OCR 268

Source: URA via SingStat (table M212321). Rental index of non-landed private residential properties by locality, rebased by PropInsights to 2004 Q1 = 100. Singapore Open Data Licence.. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

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Since 2004 suburban rents rose more than central rents: OCR up 168%, CCR up 142%
PeriodCCRRCROCR
2004-Q1100100100
2004-Q210099100
2004-Q39996101
2004-Q49994102
2005-Q110092102
2005-Q210092103
2005-Q310193103
2005-Q410393104
2006-Q110595104
2006-Q210999107
2006-Q3117105110
2006-Q4123111117
2007-Q1132122125
2007-Q2148134137
2007-Q3166150153
2007-Q4175163166
2008-Q1184174180
2008-Q2189176182
2008-Q3188175177
2008-Q4176164169
2009-Q1158152158
2009-Q2150143149
2009-Q3147140146
2009-Q4148140146
2010-Q1156146153
2010-Q2166153162
2010-Q3172159168
2010-Q4176165173
2011-Q1178165176
2011-Q2179167179
2011-Q3180168181
2011-Q4180170181
2012-Q1181171182
2012-Q2181172184
2012-Q3182174187
2012-Q4183175189
2013-Q1185175190
2013-Q2185175190
2013-Q3186176189
2013-Q4185176187
2014-Q1184177186
2014-Q2184177184
2014-Q3180176184
2014-Q4178176183
2015-Q1175173179
2015-Q2173171178
2015-Q3172170176
2015-Q4171167173
2016-Q1169166171
2016-Q2169165168
2016-Q3166164164
2016-Q4166164161
2017-Q1165162162
2017-Q2165161161
2017-Q3164163160
2017-Q4162162159
2018-Q1163161160
2018-Q2165162161
2018-Q3163164162
2018-Q4162164160
2019-Q1165163162
2019-Q2167165164
2019-Q3166168166
2019-Q4164167164
2020-Q1167168167
2020-Q2166165166
2020-Q3162165167
2020-Q4161167169
2021-Q1165170172
2021-Q2170175179
2021-Q3171177183
2021-Q4176182188
2022-Q1183191195
2022-Q2197202210
2022-Q3211222229
2022-Q4226238247
2023-Q1241253262
2023-Q2245258270
2023-Q3241263274
2023-Q4237259266
2024-Q1234254262
2024-Q2233251259
2024-Q3230255265
2024-Q4232256262
2025-Q1233257264
2025-Q2237257265
2025-Q3236262271
2025-Q4237263266
2026-Q1239263269
2026-Q2242263268

FreeTimeline

After the 2013 slide, rents surged from 2020: CCR +48.7%, RCR +59.1%, OCR +60.0%

Rental index of non-landed private homes by region. Slides end at each region's low.

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After the 2013 slide, rents surged from 2020: CCR +48.7%, RCR +59.1%, OCR +60.0%Rental index of non-landed private homes by region. Slides end at each region's low.201220152018202120242027CCRRCROCRRents slidRents surgedPeak after surgeRents slidRents surgedPeak after surgeRents slidRents surgedPeak after surgeRents slid: Q1 2013 to Q4 2020 (-13.0%)Q1 2013 to Q4 2020-13.0%Rents surged: Q3 2020 to Q2 2026 (+48.7%)Q3 2020 to Q2 2026+48.7%Peak after surge: Q2 2023Q2 2023Rents slid: Q1 2013 to Q2 2017 (-7.8%)Q1 2013 to Q2 2017-7.8%Rents surged: Q3 2020 to Q2 2026 (+59.1%)Q3 2020 to Q2 2026+59.1%Peak after surge: Q4 2025Q4 2025Rents slid: Q1 2013 to Q4 2017 (-16.7%)Q1 2013 to Q4 2017-16.7%Rents surged: Q3 2020 to Q2 2026 (+60.0%)Q3 2020 to Q2 2026+60.0%Peak after surge: Q3 2023Q3 2023

Source: URA via SingStat (table M212321). Rental index of non-landed private homes by region, 2013 Q1 to 2026 Q2. Changes calculated by PropInsights. Singapore Open Data Licence..

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After the 2013 slide, rents surged from 2020: CCR +48.7%, RCR +59.1%, OCR +60.0%
EventStartEndNote
Rents slid2013-Q12020-Q4-13.0%
Rents surged2020-Q32026-Q2+48.7%
Peak after surge2023-Q2
Rents slid2013-Q12017-Q2-7.8%
Rents surged2020-Q32026-Q2+59.1%
Peak after surge2025-Q4
Rents slid2013-Q12017-Q4-16.7%
Rents surged2020-Q32026-Q2+60.0%
Peak after surge2023-Q3

FreeLine chart

Gross yields have slipped to 2.6% in the CCR, 2.8% in the RCR and 2.9% in the OCR

Gross yield: median monthly rent per sq ft x 12 / median price per sq ft, each averaged over four quarters.

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Gross yields have slipped to 2.6% in the CCR, 2.8% in the RCR and 2.9% in the OCRThe gaps are small. In 2024 Q2 the three yields were within 0.1 point of each other. The best region changes from time to time, so one reading proves little.2.0%2.5%3.0%3.5%4.0%2023202420252026CCR: 2022-Q3 to 2026-Q2RCR: 2022-Q3 to 2026-Q2OCR: 2022-Q3 to 2026-Q2CCR, 2026 Q2: 2.6%CCRRCR, 2026 Q2: 2.8%RCROCR, 2026 Q2: 2.9%OCR2022-Q3: CCR 2.3%, RCR 2.7%, OCR 2.9%2022-Q4: CCR 2.4%, RCR 2.9%, OCR 3.1%2023-Q1: CCR 2.5%, RCR 3.1%, OCR 3.3%2023-Q2: CCR 2.6%, RCR 3.2%, OCR 3.4%2023-Q3: CCR 2.8%, RCR 3.1%, OCR 3.5%2023-Q4: CCR 2.9%, RCR 3.1%, OCR 3.4%2024-Q1: CCR 3.0%, RCR 3.0%, OCR 3.3%2024-Q2: CCR 3.1%, RCR 3.2%, OCR 3.2%2024-Q3: CCR 3.1%, RCR 3.3%, OCR 3.2%2024-Q4: CCR 3.1%, RCR 3.0%, OCR 3.1%2025-Q1: CCR 3.1%, RCR 2.9%, OCR 2.9%2025-Q2: CCR 3.1%, RCR 2.8%, OCR 2.9%2025-Q3: CCR 2.9%, RCR 2.7%, OCR 2.8%2025-Q4: CCR 2.8%, RCR 2.7%, OCR 2.9%2026-Q1: CCR 2.6%, RCR 2.8%, OCR 3.0%2026-Q2: CCR 2.6%, RCR 2.8%, OCR 2.9%

The gaps are small. In 2024 Q2 the three yields were within 0.1 point of each other. The best region changes from time to time, so one reading proves little.

Source: PropInsights from URA median monthly rent per sq ft and median price per sq ft. Four-quarter averages. Gross yield, before costs, vacancy and tax. Medians exist from 2021 Q4 only, so the first reading is 2022 Q3. URA API, non-landed private homes of all sale types, without executive condos.. Data to 2026 Q2.

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Gross yields have slipped to 2.6% in the CCR, 2.8% in the RCR and 2.9% in the OCR
PeriodCCRRCROCR
2022-Q32.3%2.7%2.9%
2022-Q42.4%2.9%3.1%
2023-Q12.5%3.1%3.3%
2023-Q22.6%3.2%3.4%
2023-Q32.8%3.1%3.5%
2023-Q42.9%3.1%3.4%
2024-Q13.0%3.0%3.3%
2024-Q23.1%3.2%3.2%
2024-Q33.1%3.3%3.2%
2024-Q43.1%3.0%3.1%
2025-Q13.1%2.9%2.9%
2025-Q23.1%2.8%2.9%
2025-Q32.9%2.7%2.8%
2025-Q42.8%2.7%2.9%
2026-Q12.6%2.8%3.0%
2026-Q22.6%2.8%2.9%