For tenants and newcomers, this is the first time in a while you can enter the market with a bit more breathing room:
Fewer people fighting for the same unit, slightly better negotiation power on things like start dates, furnishings, and minor improvements.
More time to compare neighbourhoods instead of panic-signing whatever is available.
But let’s be honest: rents are still elevated. The market has eased; it hasn’t “become cheap”.

For landlords, the message is simple: don’t panic, don’t be greedy.
Price off current transactions, not off 2022/3 war stories. In a softer volume environment, well-presented, fairly priced units still move. Overpriced, tired listings sit.

From where I sit – working with newcomers, families and investors – this “boring” phase is exactly what we need:
Tenants make better, less rushed decisions.
Landlords are looking at value, not just headline rent.

If you’re planning a move, renewal, or investment decision in the next 3–12 months, this is the moment to get advice, look at real data, and plan ahead – before the next wave hits.

If you’d like a grounded, data-informed view of what this means for your specific situation – I’m always happy to chat. Drop me a message and let’s make the numbers work for real life.

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Why a ‘Boring’ Rental Market Is Good News for Renters

by Gilad | Nov 24, 2025

If you’ve been renting or leasing out a home in Singapore over the last few years, you’ve probably found it quite inconsistent. On the one hand there’s been a narrative amongst tenants that you can renew your lease for far less than a couple of years ago. But on the other hand, we're seeing popular locations where landlords are actually asking for more.

The latest October 2025 rental data finally hints at something different: not a crash, not a surge… but a market that’s calming down.

And I think that’s a good thing.

We’re now seeing a few consistent signals:
Condo and HDB rental volumes have fallen for several months in a row.
Rents, however, are largely holding steady.
On a year-on-year basis, both condo and HDB rents are still higher than last year.
So this is not a tenants’ victory parade, and it’s not 2022-style landlord euphoria either. It’s something far less dramatic but far more important: normalisation.
Fewer leases are being signed, but prices are not collapsing. Fundamentals haven’t disappeared; the pace has just cooled.

By this point in the year, most newcomers tied to school calendars and big corporate moves have already settled. Many existing tenants renewed earlier in the year.

The result: demand hasn’t vanished; it’s simply shifted from urgent to considered.

Image Credit: Photo of Pearl Bank Apartments by Gigi on Unsplash

Image Credit: Photo of Caribbean at Keppel Bay by K8 on Unsplash