Definitely. For a normal, fully furnished 1-bedroom unit at Strata on Essex Road (8th floor) that listed at $3,400 but rented for $3,050 in June 2024, the landlord is likely to ask around $3,200 to $3,500 per month at renewal in April 2026.
Here's the reasoning based on Essex Road 1-bedroom rental patterns:
- Current market (late 2025) for similar mid-high floor, fully furnished 1-bedders at Strata remains stable in the low-3,000s to mid-3,000s, reflecting freehold appeal in Novena despite softer broader rental trends.
- From your negotiation history (listing $3,400 down to $3,050), the landlord started with an optimistic ask but accepted below-market to secure a tenant quickly—expect them to push back toward that original $3,400 range by 2026, assuming 2-3% annual uplift from inflation, Novena demand, and any unit upgrades.
- By April 2026 (about 16-22 months from your start), with steady supply of 1-bedders nearby (e.g., Icon Point, Lion Towers), they may target $3,300 as a midpoint if rents hold firm, or closer to $3,500 if Novena sees tighter vacancy.
To prepare for renewal:
- Track latest 1-bedroom transactions at Strata via EdgeProp Singapore's research tools for exact comparables (size, floor, furnishings).
- Benchmark against your $3,050 (a strong deal then) and counter with evidence of any market softening or unit maintenance needs.
- If your unit is ~500 sqft, psf rents hover around $6-6.50, supporting the $3,200-$3,500 band.
Share the exact sqft or stack details for a tighter estimate.
It's great to assist you through EdgeProp Buddy. It's prudent to get professional real estate advice on such topics.
