---
title: "Condo rental prices drop 0.6% to snap growth streak"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290611791.md"
description: "Singapore condominium rental prices fell 0.6% month-on-month in May, ending a three-month growth streak. The Singapore Property Index dropped to 144.6 from 145.4 in April. All regions saw declines, with the Outside Central Region experiencing the steepest drop at 1.0%. Despite the monthly dip, year-on-year rental prices rose 1.9%, led by the Core Central Region's 2.8% increase. These figures are flash estimates and subject to revision."
datetime: "2026-06-23T21:29:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290611791.md)
  - [en](https://longbridge.com/en/news/290611791.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290611791.md)
generator: "portal-rs"
---

# Condo rental prices drop 0.6% to snap growth streak

**OCR recorded the sharpest decline amongst market segments.**

Condominium rental prices in Singapore slipped 0.6% month on month in May, according to flash estimates from 99.co and SRX, marking the first monthly decline since February.

The Singapore Property Index (SPI) for condo rentals eased to 144.6 in May from 145.4 in April. Rental prices fell across all regions, with the Outside Central Region (OCR) recording the steepest drop at 1.0%.

Prices in the Rest of Central Region (RCR) and Core Central Region (CCR) declined 0.6% and 0.4%, respectively. Based on the flash estimates, the rental price index stood at 146.6 in the CCR, 142.6 in the OCR, and 140.9 in the RCR.

Despite the monthly decline, condo rental prices remained higher than a year ago with overall rental prices rising 1.9% year on year, with the CCR posting the strongest increase at 2.8%, followed by the OCR at 1.4% and the RCR at 0.9%.

99.co and SRX said the latest figures are flash estimates based on historical transaction trends and may be revised in subsequent reports as more rental transactions are confirmed and recorded.

### Related Stocks

- [CLR.SG](https://longbridge.com/en/quote/CLR.SG.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**