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Market Strength

Do rental returns still reward owning Singapore property?

+50% in private rents over the five years to 2026-Q1

Rents against the rental index, vacancy, gross yields on HDB and condo, and where SORA sits against them.

4 charts · URA, HDB and MAS

Click the i icon on any chart to see what it shows and why it's in the report.

URA Rental Index

What does this chart do? What it shows The URA headline private residential rental index (Non-Landed, Whole Island) over time. Why it's in the report Rising rents improve the economics of holding property and signal genuine occupier demand. Toggle full width Full screen Export as image

Non-Landed, Whole Island (URA headline rental index).

Source: URA, data.gov.sg

Private residential vacancy rate

What does this chart do? What it shows The overall private residential vacancy rate — vacant units divided by available stock — quarterly. Why it's in the report Low vacancy means rented homes are actually occupied, supporting both rents and yields. Toggle full width Full screen Export as image

Overall = vacant ÷ available stock; quarterly.

Source: URA, data.gov.sg

Gross rental yield trend

What does this chart do? What it shows Indicative gross rental yield over time for condos and HDB flats (annualised median rent divided by median price). Why it's in the report Yield is the income return on holding property; a stable, positive yield shows the asset pays to hold. Toggle full width Full screen Export as image

Condo: market median rent PSF × 12 ÷ median resale PSF. HDB: 4-room median rent × 12 ÷ 4-room median resale price. Medians of medians; indicative only. The condo line starts around 2023 because URA only publishes ~3 years of condo rental history via its API — it is a data-availability limit, not a zero yield before that date.

Source: Derived: HDB resale + rental, data.gov.sg; URA private resale + rental medians

SORA vs gross yield (carry spread)

What does this chart do? What it shows 3-Month compounded SORA (the tenor SG home loans float against, averaged to quarters) overlaid on condo gross rental yield; the gap between them approximates the carry. Why it's in the report When rental yield exceeds financing cost the carry is positive, meaning leveraged holding is broadly self-supporting. Toggle full width Full screen Export as image

3-Month compounded SORA averaged to quarters; overlaid on condo gross rental yield. Spread ≈ carry.

Source: MAS, data.gov.sg

Disclaimer: The property transaction and rental data displayed on SellMyHouse.sg are aggregated from publicly available sources (including data.gov.sg and URA) and are intended for general informational and educational purposes only. While we strive to keep the information updated and accurate, SellMyHouse.sg makes no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability, or suitability of the data. These figures are indicative estimates derived from publicly available data — not a formal valuation or financial advice.

Any property estimates, historical trends, or calculated averages shown are automated approximations and do not constitute formal valuations, financial, legal, or real estate advice. Users should independently verify all transaction details and consult with a licensed real estate professional or qualified advisor before making any financial decisions or property commitments. SellMyHouse.sg shall not be held liable for any loss or damage arising from the use of or reliance on this information.

The other four questions

Has Singapore property held its value through every major crisis and cooling measure?

+129% in private home prices since their 2009-Q2 low Prices through the Asian Financial Crisis, SARS, the global financial crisis and Covid. What fell, how far, and how long recovery took. 3 charts · URA, HDB and SingStat

Are households financially strong enough to keep carrying — and buying — property?

S$9.05 of household assets for every S$1 of debt, as at 2026-Q1 What Singapore households own set against what they owe, quarter by quarter, and where residential property sits inside that balance sheet. 3 charts · SingStat

How deep and capable is the pool of buyers driving demand?

S$12,635/month is the average income of a 41st–50th percentile household, employer CPF included (2025) Who is able to buy: household income by decile, resident population against household formation, and the flats reaching MOP each year. 7 charts · SingStat, URA, HDB and MAS

How scarce is the supply of land and new homes?

16,219 unsold private homes with planning approval, as at 2026-Q1 Unsold units, the completion pipeline by expected TOP year, government land sales, and how much of the island is zoned for housing at all. 7 charts · URA, HDB, MND and BCA