Based on the Singapore Property Market Report Q3 2023, rental prices for non-landed private property fell by 2.9% quarter-on-quarter (QoQ) in Q2 2023, compared to Q1 2023. This is the first recorded decline since 2018!
Finally, great news for renters. As more non-landed private properties continue to receive their Temporary Occupation Permit (TOP), the supply of such homes available to be put up by landlords for rent will increase. This is already happening: the Rental Supply Index for non-landed private properties, which tracks the number of all non-landed private property sale listings on PropertyGuru Singapore, tracked a 24.1% QoQ increase.
That said, want to find out which condos for rent in Singapore tenants love? Here’s our review of the 10 most popular condos for rent in Q2 2023.
Top 10 Most Popular Condos for Rent in Q2 2023
1. Parc Oasis: Serenity and Nature Within Jurong East
Parc Oasis is a leasehold condo that was completed in 1995 and has 950 units in total. Unit types include 1-bedroom to 4-bedroom units.
Nestled in Jurong East, on the west side of Singapore, tenants of Parc Oasis can benefit from the serenity of the Jurong Lake Gardens.
As for condo facilities, tenants have access to a barbeque area, clubhouse, gym, playground, sauna, squash court, tennis courts, driving range, jogging track, and swimming pool. Public transport is also a breeze, with Chinese Garden MRT station just a three-minute walk away.
Nearby shopping malls include Westgate, JEM, and IMM for a wide variety of retail, dining, and entertainment options. For families, schools in the area include Fuhua Secondary School, Jurong Primary School, Shuqun Secondary School, and Yuhua Primary School.
Browse all Parc Oasis units for rent on PropertyGuru.
2. Kent Ridge Hill Residences: Award-winning Condo with Strata Landed Properties on the West Coast
Kent Ridge Hill Residences is a leasehold condominium located along South Buona Vista Road, on a 320,000 sq ft site that was formerly occupied by Vista Park Apartments. The development comprises 498 condo units (1-bedroom to 5-bedroom units) and 50 strata-landed properties across five-storey blocks.
Kent Ridge Hill Residences was also named winner of Best New Private Condo Development (Singapore) and highly commended for Best New Private Condo Architectural Design (Singapore) at the PropertyGuru Singapore Asia Property Awards 2019.
Beyond that, Kent Ridge Hill Residences is also popular for its tranquil West Coast location, as well as its proximity to parks like Kent Ridge Park and West Coast Park. The condo is also near international schools and the National University of Singapore (NUS), while Pasir Panjang MRT station on the Circle Line (CCL) is a 10-minute walk away.
Browse all Kent Ridge Hill Residences for rent on PropertyGuru.
3. The Sail @ Marina Bay: High-rise Living Near MBS with Unmatched Views of Singapore
Completed in 2008, The Sail @ Marina Bay has since been an iconic part of the Singapore skyline. This impressive project by City Development Ltd has 1,111 units across 69 storeys and boasts unparalleled views of our island nation. From your window, you can catch a glimpse of light and water shows and fireworks displays during National Day and on New Year’s Eve.
This is an excellent rental for those who not only love living the high life but who work in the financial district at District 1. There are even direct underground passages to Downtown and Raffles Place MRT stations to avoid the elements and humidity for a comfortable journey to town.
With its superb location, you can make a daily trip to Marina Bay Sands (MBS) Singapore to shop and dine at award-winning restaurants. The delicious satay and teh tarik at Lau Pa Sat are easily accessible too!
Browse all The Sail @ Marina Bay units for rent on PropertyGuru.
4. City Square Residences: Affordable Freehold Gem Close to Good Food in Little India
Despite having been completed over a decade ago in 2009, City Square Residences continues to be a popular condo for rent. With 910 units over 30 storeys, this freehold condo by City Development Limited has rental units starting from $1,200 a month.
The project is just a six-minute walk from Farrer Park MRT station on the North-East Line (NEL) and 10 minutes from Jalan Besar MRT station on the Downtown Line (DTL). Tenants will also be close to the Central Business District (CBD), Orchard Road shopping belt, and Little India, which features the 24-hour Mustafa Centre, City Square Mall, and Farrer Park Hospital.
If you’re in the mood for good food, there’s also lots to choose from. From authentic Indian eateries to trendy cafes in the Jalan Besar area, there are also other popular local eateries such as supper spot Swee Choon Tim Sum Restaurant and the messy-but-delicious Beach Road Scissor-Cut Curry Rice within reach. Trendy cafes along Owen Road are also a short walk away.
Browse all City Square Residences units for rent on PropertyGuru.
5. Lakeshore: Lakeside Living with a Slew of Amenities and Schools Nearby
Lakeshore is a leasehold condominium located at Jurong West Street 41. Completed in 2007, it was developed by Far East Organization and offers 848 3-bedroom units over 17 floors. Equipped with various facilities including a swimming pool, barbecue pits, gym, fitness station, sauna, jacuzzi, and playground, the condo is just a five-minute walk from Lakeside MRT station on the East-West Line (EWL).
Tenants will find themselves close to amenities such as Boon Lay Shopping Centre and Taman Jurong Shopping Centre. Hospitals, supermarkets, a wet market, parks, gyms, restaurants, and places of worship are also within easy reach. Parents will also be pleased with its proximity to schools like Lakeside Primary School, Rulang Primary School, and Hong Kah Secondary School.
Browse all The Lakeshore units for rent on PropertyGuru.
6. The Centris: When Home is Near Jurong Point Shopping Mall
We’re back to the west side of Singapore again with The Centris, a 99-year leasehold apartment situated at Jurong West Central 3 that was completed in 2009. Developed by Primepoint Realty Development Pte Ltd, the property consists of 15 floors with a total of 610 units. Different configurations, ranging from 2-bedroom to 4-bedroom units, cater to various lifestyle preferences.
The project’s biggest unique feature is the building’s wide business centre, as well as a nursery onsite that benefits working parents with young children. Other schools nearby include My First Skool, Creative Mindset (SAMH), and Zhengfei Cultural Education Centre.
Despite being in the west, Boon Lay MRT station is just a two-minute walk away. The sprawling 750,000 sq ft Jurong Point shopping mall is also close by; it features a cinema and a plethora of restaurants and shops. The Boon Lay bus interchange is also connected to the shopping mall.
Browse all The Centris units for rent on PropertyGuru.
7. WhiteHaven: Sanctuary on the Fringe of the Rest of Central Region (RCR)
Freehold WhiteHaven on Pasir Panjang Road was completed in 2017 and has a total of 120 units over five storeys available in 2-bedroom to 4-bedroom configurations. Developed by RL West Pte Ltd, the development is 12-minute walk to Kent Ridge MRT station, and multiple bus stops within a five-minute walk.
Located on the edge of the RCR, WhiteHaven tenants can quickly get to town by car via routes like the West Coast Highway, Alexandra Road, and Lower Delta Road. Popular eateries spanning a range of cuisines near the condo include Chilli Padi Nyonya Café, African Heartbeat, Ju Shin Jung Korean Charcoal BBQ, The Good Beer Company, and Ashoka Tandoor.
Parents can be rest assured that their children will have nearby school options: the list includes Pearl Bank Kindergarten, Little Blessings Kindergarten, Innate Montessori, and House on the Hill Montessori Pre-School.
Browse all WhiteHaven units for rent on PropertyGuru.
8. d’Leedon: Luxury Living in Farrer Road with Semi-D Garden Villas and Penthouse
One of Farrer Road’s gems is d’Leedon, one of the tallest buildings in the area that is next to the Leedon Park Good Class Bungalow estate. Tenants who rent one of the 1,715 units over 36 floors, will be close to the hip Holland Village and Dempsey Hill enclaves, and the Singapore Botanic Gardens.
For those who love shopping, the famous Orchard Road shopping belt is either a quick bus ride or a short drive away. Parents with schoolgoing children will be near choice schools in the Bukit Timah area, including Nanyang Primary School and Hwa Chong Institution. Farrer Road MRT station on the CCL is also just seven minutes away on foot.
Before it was known as d’Leedon, the project was named Farrer Court. Completed in 2014, the leasehold condo in the prime area of District 10 was developed by CapitaLand, which is known for its myriad regional developments. In addition to the usual apartments, which include 1-bedroom + study units and go up to 4-bedroom units, tenants may also be able to rent one of the 12 semi-detached villa-type units, garden houses, and penthouses.
Browse all d’Leedon units for rent on PropertyGuru.
9. Parc Riviera: Luxury Living Next to the Scenic Sungei Pandan PCN
Parc Riviera is a 99-year leasehold condominium at West Coast Vale, which stands on 203,532 sq ft of land and comprises 752 units. Developed by EL Development (West Coast) Pte Ltd, its two 36-storey towers house spacious 1-bedroom to 4-bedroom apartments that are perfect for singles, married couples, and families.
Facilities at Parc Riviera include a swimming pool, function room, and tennis court. Completed in 2020, it boasts modern facilities and has two bus stops within a five-minute walk that go to Clementi MRT station on the EWL as well as Jurong East MRT station that links the EWL and North-South Line (NSL). This luxury home is also next to the scenic Sungei Pandan park connector, for your daily evening strolls.
Nearby schools include the Japanese kindergarten, Tanglin Secondary, Qifa Primary, Nan Hua Primary, Clementi Woods secondary school, Singapore Polytechnic (SP), Ngee Ann Polytechnic (NP), and the National University of Singapore (NUS).
Browse all Parc Riviera units for rent on PropertyGuru.
10. Heritage View: Close to Prestigious Educational & Research Institutes
Close to the prestigious INSEAD Institute and Biopolis, Heritage View is a popular rental with tenants who study and work at these establishments. Completed in 2020, the leasehold condo is situated at Dover Rise and consists of two towers with 20 floors, housing a total of 618 units that range from 2-bedroom to 5-bedroom apartments.
Tenants of Heritage View enjoy an array of condo facilities that include a BBQ area, clubhouse, gym, playground, putting green, sauna, swimming pool, and tennis courts. They will also be near the various amenities in the surrounding neighbourhoods of Clementi, Ghim Moh, and Holland Village.
Accessibility is convenient via Commonwealth Avenue West and Dover Road, with several MRT stations within reach, including One-North, Buona Vista, and Dover MRT stations.
Parents also have their pick of educational institutes, which include Fairfield Methodist School and Anglo-Chinese School (Independent), medical centres such as National University Hospital, and shopping outlets such as Rochester Mall and The Star Vista.
Browse all Heritage View units for rent on PropertyGuru.
Which Condo for Rent in Singapore Should You Go For?
In Q2 2023, top condos for rent in Singapore shared these traits:
- Most of them were in the RCR or Outside Central Region (OCR). Only two were in the CCR. This differed from Q1 2023 top condos for rent in Singapore as those were mostly CCR or RCR
- Most of the top condos for rent in Singapore were large developments (more than 500 units each and over 1,000 units), but there were some outliers like WhiteHaven, which has just 120 units
- There were three projects from District 22 and four projects from District 5, with the former in OCR and the latter straddling RCR and OCR. This is probably because rents further from the city centre were more affordable and near international schools (e.g. Canadian International School and One World International School)
- Q1 2023 top condos for rent in Singapore and remained on the top 10 list for Q2 2023 were City Square Residences, The Sail @ Marina Bay and d’Leedon
According to the Singapore Property Market Report Q3 2023, tenants are more attracted to areas further away from the CBD as the rents there are lower. For landlords, despite the lower rents, their rental yield remains high due to the lower buying price of the property in those areas. This is probably why District 22 and District 5 are the top favourites on the list this quarter.
If you’re in the market to rent a condo now, get some inspiration from this list or browse all condo units for rent on PropertyGuru.
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