--- title: "March private residential rents rose by 0.4%, continuing to increase but at a slower pace | Lianhe Zaobao" type: "News" locale: "en" url: "https://longbridge.com/en/news/283085305.md" description: "In March, Singapore's non-landed private residential rents increased by 0.4% month-on-month, with leasing transaction volume rising by 27.2%. Compared to February, rents shifted from a decline of 0.2% to growth, with a year-on-year increase of 1.9%. 99.co Chief Data Officer Hakkin stated that the pace of rent increases has slowed, the market is stabilizing, and tenants are price-sensitive, which limits landlords' ability to raise rents. Among different market segments, mid-tier private residential rents rose by 1.1%, luxury private residential rents increased by 0.4%, while mass market private residential rents declined by 0.3%" datetime: "2026-04-17T03:27:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283085305.md) - [en](https://longbridge.com/en/news/283085305.md) - [zh-HK](https://longbridge.com/zh-HK/news/283085305.md) --- # March private residential rents rose by 0.4%, continuing to increase but at a slower pace | Lianhe Zaobao In March, Singapore's non-landed private residential rental market reversed the weak performance of the previous month, with rents increasing by 0.4% month-on-month and rental transactions rising by 27.2%. Estimates released on Friday (April 17) by the property website 99.co and the Singapore Real Estate Exchange (SRX) indicate that the local private residential rental market is recovering, with rents and transaction volumes rising together. Compared to the 0.2% decline in rents in February, overall non-landed private residential rents grew by 0.4% in March, marking a 1.9% increase compared to the same period last year. Luqman Hakim, Chief Data Officer of 99.co, stated: "Apartment rents have continued to rise at a moderate pace in recent months, indicating that the market is stabilizing. Currently, tenants remain price-sensitive, and affordability continues to limit landlords' ability to raise rents." In terms of market segments, rents in the Rest of Central Region (RCR), representing mid-range private residences, increased by 1.1% month-on-month, while rents in the Core Central Region (CCR), representing luxury private residences, rose by 0.4%. Rents in the Outside Central Region (OCR), representing mass-market private residences, declined by 0.3%. Regarding rental transaction volumes, influenced by the Lunar New Year, March saw a 27.2% increase in transactions compared to February, with approximately 6,386 units rented out, up from 5,021 units the previous month. Compared to the same period last year, rental volumes increased by 7.7%. #### Further Reading Local private residential rental market slows down with February rents and transaction volumes declining Local private residential price growth slows for three consecutive quarters, with only a 0.3% increase in the first quarter and no signs of overheating Mass-market and mid-range private residences are more popular among tenants, accounting for over 30% of total transactions, while luxury private residences account for 29.6%. On the other hand, overall rents for HDB flats increased by 0.2% in March, with rents in mature HDB areas remaining stable and rents in non-mature HDB areas rising by 0.5% The increase in rental prices for five-room flats is the highest at 0.8%. This is followed by three-room flats, which rose by 0.7%. The rental prices for four-room flats remained stable. The rental prices for executive flats, however, fell by 1.4%. The overall leasing transaction volume for flats increased by 18.9% month-on-month, with approximately 2,662 leasing transactions. Compared to March of last year, the transaction volume decreased by 2.5% ### Related Stocks - [FSTRE.SG](https://longbridge.com/en/quote/FSTRE.SG.md) - [SRU.SG](https://longbridge.com/en/quote/SRU.SG.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [SRT.SG](https://longbridge.com/en/quote/SRT.SG.md) - [G3B.SG](https://longbridge.com/en/quote/G3B.SG.md) - [ES3.SG](https://longbridge.com/en/quote/ES3.SG.md) ## Related News & Research - [HDB resale prices dip 0.1% in Q1](https://longbridge.com/en/news/284122753.md) - [Singapore calls for proposals for hydrogen-ready CCGT generators, first one to be operational by 2031](https://longbridge.com/en/news/284512827.md) - [Private housing prices rise in Q1, led by suburban condo sales](https://longbridge.com/en/news/284177745.md) - [Singapore plans to build up to 3 more hydrogen-ready natural gas power plants by 2032](https://longbridge.com/en/news/284512762.md) - [Natural disasters are rewriting home-insurance costs. See how it impacts you.](https://longbridge.com/en/news/284537378.md)