What is the forward-looking price trend for residential properties for rent?

For the forward-looking residential rent trend in Singapore, here are some key insights:

- The residential rental market is expected to see modest growth. Predictions suggest a rental growth of about 2% for 2025, which is in line with GDP projections. This growth is supported by limited supply, particularly as completions of new private homes are set to taper down from 10,600 units in previous years to about 5,800 units in 2025.

- The tighter market for resale and rental properties, due to reduced completions, is likely to support rental rates. This scarcity, especially in popular areas, could maintain or slightly increase rental prices.

- The overall market dynamics, including the confluence of demand from various buyer and renter groups, such as foreigners, Singaporean investors, and owner-occupiers, will continue to influence rental trends. Areas like the Rest of Central Region (RCR) are expected to benefit from this demand, which could stabilize or boost rental rates.

In summary, the residential rent trend in Singapore for 2025 is anticipated to be stable with a potential for modest growth, driven by limited new supply and sustained demand.