Navigating the Changing Rental Market Insights from COVID-19 and New Condo Launches in 2024-2025

Naturally, new condo launches are often favored over older ones in Singapore for a variety of reasons that appeal to both homeowners and investors.

While an older condominium may seem alluring with its larger size and affordable cost, opting for a recently designed condominium with its lower upkeep, enhanced rental desirability, superior amenities, and promising future value, proves to be a more logical investment choice.
The rental industry has experienced fluctuation in tandem with economic conditions, yet vacancy rates have largely remained stable. Despite a temporary decline in rental demand during the COVID-19 outbreak due to travel limitations, the market swiftly rebounded as borders reopened and economic activity resumed. In recent years, particularly 2024 and 2025, rental rates have stabilized after a significant increase, and the completion of new condominiums has expanded the pool of available rentals for tenants to choose from. Therefore, investors must prioritize factors such as location, …