Condo Rents by Region: What the URA Rental Index is Telling Us
Condo rents rose in all three regions over the past two years. What the URA rent index shows for the CCR, RCR and OCR, and what it cannot tell you.
Private condo rents rose in all three regions over the two years to Q2 2026, but only slowly. The Rest of Central Region (RCR) rose most, by about 4.7%. The Core Central Region (CCR) and the Outside Central Region (OCR) each rose by about 3.5%. None of the three is at its peak: all sit a little below the highest level in their series.
The chart below shows the URA rental index for private non-landed homes (condos and apartments) by region. Here is how to read it.
- Core Central Region
- Rest of Central Region
- Outside Central Region
Latest: CCR 152.9 (Q2 2026); RCR 172.3 (Q2 2026); OCR 169.0 (Q2 2026).
Table view
| Period | Core Central Region | Rest of Central Region | Outside Central Region |
|---|---|---|---|
| Q2 2026 | 152.9 | 172.3 | 169.0 |
| Q1 2026 | 151.1 | 172.3 | 169.5 |
| Q4 2025 | 150.3 | 172.6 | 167.8 |
| Q3 2025 | 149.3 | 171.6 | 171.2 |
| Q2 2025 | 150.0 | 168.6 | 167.0 |
| Q1 2025 | 147.3 | 168.6 | 166.8 |
| Q4 2024 | 146.7 | 167.9 | 165.6 |
| Q3 2024 | 145.4 | 167.4 | 166.9 |
| Q2 2024 | 147.8 | 164.6 | 163.3 |
| Q1 2024 | 147.9 | 166.9 | 165.5 |
| Q4 2023 | 150.3 | 170.1 | 167.8 |
| Q3 2023 | 152.7 | 172.2 | 172.6 |
| Q2 2023 | 155.3 | 169.0 | 170.4 |
| Q1 2023 | 152.3 | 165.7 | 165.6 |
| Q4 2022 | 143.1 | 156.0 | 156.1 |
| Q3 2022 | 133.4 | 145.4 | 144.3 |
| Q2 2022 | 124.7 | 132.7 | 132.6 |
| Q1 2022 | 115.8 | 125.3 | 123.1 |
| Q4 2021 | 111.6 | 119.7 | 118.4 |
| Q3 2021 | 108.5 | 116.4 | 115.6 |
| Q2 2021 | 107.7 | 114.6 | 112.7 |
| Q1 2021 | 104.5 | 111.5 | 108.8 |
| Q4 2020 | 101.6 | 109.3 | 106.6 |
| Q3 2020 | 102.8 | 108.3 | 105.6 |
| Q2 2020 | 105.0 | 108.0 | 104.6 |
| Q1 2020 | 105.6 | 110.1 | 105.5 |
| Q4 2019 | 104.1 | 109.4 | 103.5 |
| Q3 2019 | 105.2 | 110.2 | 104.5 |
| Q2 2019 | 105.9 | 108.5 | 103.7 |
| Q1 2019 | 104.3 | 107.0 | 102.5 |
| Q4 2018 | 102.7 | 107.3 | 100.8 |
| Q3 2018 | 103.3 | 107.8 | 102.5 |
| Q2 2018 | 104.2 | 106.2 | 101.6 |
| Q1 2018 | 103.4 | 105.8 | 100.8 |
| Q4 2017 | 102.8 | 106.1 | 100.1 |
| Q3 2017 | 103.5 | 106.8 | 101.1 |
| Q2 2017 | 104.3 | 105.8 | 101.4 |
| Q1 2017 | 104.2 | 106.2 | 102.0 |
| Q4 2016 | 104.9 | 107.5 | 101.6 |
| Q3 2016 | 105.3 | 107.6 | 103.7 |
| Q2 2016 | 106.8 | 108.2 | 106.3 |
| Q1 2016 | 106.7 | 108.9 | 107.6 |
| Q4 2015 | 108.5 | 109.6 | 108.9 |
| Q3 2015 | 108.9 | 111.4 | 110.9 |
| Q2 2015 | 109.3 | 112.3 | 112.1 |
| Q1 2015 | 110.7 | 113.5 | 113.2 |
| Q4 2014 | 112.8 | 115.3 | 115.3 |
| Q3 2014 | 114.1 | 115.5 | 116.2 |
| Q2 2014 | 116.3 | 115.8 | 116.2 |
| Q1 2014 | 116.4 | 115.9 | 117.3 |
| Q4 2013 | 117.1 | 115.6 | 118.3 |
| Q3 2013 | 117.8 | 115.6 | 119.2 |
| Q2 2013 | 117.4 | 114.9 | 120.1 |
| Q1 2013 | 116.8 | 114.8 | 120.1 |
| Q4 2012 | 115.8 | 114.7 | 119.2 |
| Q3 2012 | 115.1 | 114.0 | 117.8 |
| Q2 2012 | 114.4 | 112.9 | 115.9 |
| Q1 2012 | 114.6 | 112.1 | 114.8 |
| Q4 2011 | 114.0 | 111.7 | 114.5 |
| Q3 2011 | 113.9 | 110.4 | 113.9 |
| Q2 2011 | 113.4 | 109.4 | 112.7 |
| Q1 2011 | 112.5 | 108.4 | 111.1 |
| Q4 2010 | 111.1 | 108.0 | 109.4 |
| Q3 2010 | 108.7 | 104.0 | 105.9 |
| Q2 2010 | 104.9 | 100.3 | 102.3 |
| Q1 2010 | 98.7 | 95.5 | 96.3 |
| Q4 2009 | 93.7 | 91.8 | 91.9 |
| Q3 2009 | 92.9 | 91.7 | 91.9 |
| Q2 2009 | 94.9 | 93.9 | 94.1 |
| Q1 2009 | 100.0 | 100.0 | 100.0 |
| Q4 2008 | 111.4 | 107.8 | 106.9 |
| Q3 2008 | 118.7 | 114.6 | 111.7 |
| Q2 2008 | 119.5 | 115.2 | 114.8 |
| Q1 2008 | 116.2 | 114.0 | 113.4 |
| Q4 2007 | 110.9 | 106.9 | 104.7 |
| Q3 2007 | 105.3 | 98.3 | 96.5 |
| Q2 2007 | 93.9 | 87.8 | 86.3 |
| Q1 2007 | 83.8 | 79.8 | 78.9 |
| Q4 2006 | 77.9 | 72.7 | 73.7 |
| Q3 2006 | 73.9 | 68.7 | 69.4 |
| Q2 2006 | 69.3 | 64.8 | 67.3 |
| Q1 2006 | 66.3 | 62.3 | 65.8 |
| Q4 2005 | 65.0 | 61.0 | 65.7 |
| Q3 2005 | 64.1 | 60.8 | 65.3 |
| Q2 2005 | 63.6 | 60.4 | 65.0 |
| Q1 2005 | 63.3 | 60.3 | 64.6 |
| Q4 2004 | 62.5 | 61.5 | 64.3 |
| Q3 2004 | 62.8 | 62.8 | 63.8 |
| Q2 2004 | 63.5 | 65.0 | 63.1 |
| Q1 2004 | 63.3 | 65.6 | 63.1 |
Source: URA (via SingStat). Data to Q2 2026. Licences and notices
What the chart shows
Each line is an index. URA sets the rent level of each region in Q1 2009 at 100 and tracks the change from there. The index comes from tenancy details that owners file with IRAS. Since 2015, URA has used a method that adjusts for differences in the age and size of the units let.
In Q2 2026, the latest quarter in the database, the three regions stood at:
- CCR: 152.9, +1.9% on a year earlier.
- RCR: 172.3, +2.2% on a year earlier.
- OCR: 169.0, +1.2% on a year earlier.
What changed in the past two years
From Q2 2024 to Q2 2026 (final figures, URA via SingStat):
| Region | Q2 2024 | Q2 2026 | Change |
|---|---|---|---|
| CCR | 147.8 | 152.9 | +3.5% |
| RCR | 164.6 | 172.3 | +4.7% |
| OCR | 163.3 | 169.0 | +3.5% |
The regions peaked at different times. The CCR index peaked at 155.3 in Q2 2023 and is now about 1.5% below that. The OCR peaked at 172.6 in Q3 2023 and is about 2.1% below. The RCR reached 172.6 in Q4 2025 and is about 0.2% below.
So the story is not one of falling rents. Compared with Q2 2023, each index is within about 2% of its level then: CCR 1.5% lower, OCR 0.8% lower and RCR 2.0% higher.
Rents in dollars: the new psf series
An index cannot tell you what a unit costs to rent. The Propwise database now has a second measure: the median monthly rent per square foot, by region, from Q4 2021. We calculate it from URA rental contract data. Because URA gives floor area in bands, we divide each rent by the middle of the band. The quarter still in progress is left out below.
In Q2 2026, the median rents were:
- CCR: S$6.15 per sq ft a month.
- RCR: S$5.60 per sq ft a month.
- OCR: S$4.53 per sq ft a month.
From Q2 2024 to Q2 2026 the median moved from S$5.88 to S$6.15 in the CCR (+4.6%), from S$5.26 to S$5.60 in the RCR (+6.5%), and from S$4.35 to S$4.53 in the OCR (+4.1%). Both measures show the RCR rising most. They do not agree on the size of each move.
What this does not tell you
- A higher index does not mean a higher rent. Each region starts at 100 in its own Q1 2009. An RCR index of 172.3 against a CCR index of 152.9 says RCR rents grew faster since 2009. It does not say RCR flats cost more. The dollar series show the CCR is the dearest per sq ft.
- The index and the psf median can differ. The index adjusts for the age and size of the units let. The median does not, so it moves with the mix of projects let in a quarter. A quarter with many new, large or central lettings can lift the median without any single landlord raising a rent.
- These are reported tenancies, not asking rents. The index is built from tenancy details filed with IRAS. Listings on property portals are asking prices and may differ from what tenants sign. Neither series tells you what a landlord will accept on your unit.
- It covers private homes only. HDB rents are a separate series.
- Averages hide your street. A region is a large area. Rents for your project, floor and condition can sit well above or below the regional line.
- The data cannot show why rents moved. Supply, demand, mortgage rates and tenant incomes may all play a part. This chart shows what happened, not the cause.
Where to go next
Use the regional line as a background check, then price your own unit from comparable lettings. Our guides cover the next steps: how to rent a home in Singapore, how to calculate rental yield and whether to rent or buy.
