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Jee Sheong

Explore Singapore's 2024 rental market trends: stabilising condo rents, surging HDB prices, supply constraints, and affordability challenges shaping tenant and landlord decisions.

January 21, 2025

Singapore’s 2024 Rental Market: Why HDB Rents Are Soaring While Condos Stabilise

With effect from the August 2023 Build-to-Order (BTO) Exercise, stricter penalties will be imposed on couples who do not select a flat when invited by the Housing and Development Board (HDB) to do so. A new priority category benefiting first-timer families applying for their first BTO flat was also introduced. In his Committee of Supply …