August traditionally is a quieter month for rentals in Singapore due to cultural and schooling reasons, leading to lower leasing activity.
According to Mr. Luqman Hakim, Chief Data & Analytics Officer at 99.co, “This seasonal lull tends to suppress short-term price growth as demand softens temporarily. Adding to this, some tenants might be holding off renewals or new leases, anticipating an influx of new supply from projects later this year.“
Let’s break down what happened in August 2025 in both the condominium and HDB rental markets.
Table of Contents
Condo rental market: Stable prices, lower volumes
HDB rental market: Slight price dip with volume decline
Market outlook
Condo rental market: Stable prices, lower volumes
August saw stable prices for condo rentals despite lower volumes. An estimated 7,949 units were rented in August 2025, compared to 8,695 in July 2025.
However, despite the dip, rental volumes were 6.4% higher than in August 2024 and 4.7% above the 5-year August average.
Breaking it down by region, in August 2025, 34.6% of the total condo rental volume was from Outside Central Region (OCR), 33.5% from Rest of Central Region (RCR), and 31.9% from the Core Central Region (CCR).
This relatively even spread suggests consistent demand across all areas, with OCR maintaining a marginal lead, likely driven by affordability and increasing suburban interest among tenants.
Overall, the condo rental prices remained stable, as seen above. The CCR and RCR experienced slight month-on-month rental increases of 0.4% and 0.8%, respectively, while the OCR saw a minor 0.1% dip.
On a year-on-year basis, rental prices rose by 2.9% overall, with CCR up 3.4%, RCR up 3.2%, and OCR up 2%.
HDB rental market: Slight price dip with volume decline
Rental volumes for HDB flats decreased by 13% month-on-month in August 2025, with an estimated 2,758 units rented compared to 3,170 in July. Despite this dip, rental volumes remained 3.8% higher year-on-year compared to August 2024, and above the five-year average for the month by 3.9%.
As per Mr. Mr. Luqman Hakim, this indicates that while there was a short-term slowdown in leasing activity, underlying demand for HDB rentals continued to grow steadily over the longer term.
Breaking down by flat type, we see that:
4-room flats accounted for the largest share of rentals in August 2025 at 38%,
3-room flats had the second-largest share at 32.7%,
5-room flats accounted for 24.6% of all rentals,
and Executive flats contributed 4.7% of the rental volume.
The dominance of 3- and 4-room flats reflects ongoing strong demand from families and mid-sized households who form the majority of HDB tenants.
HDB rental prices saw a slight month-on-month decline of 0.8% last month. The seasonal lull and potential increase in available flats raises supply-side pressure, which can weigh on monthly rent prices, and the market is reflecting this temporary softening.
The decrease was more pronounced in Mature estates, where rents fell by 1.1%, compared to a smaller 0.4% dip in Non-Mature estates.
Despite these short-term price adjustments, year-on-year rental prices remained positive. Overall, HDB rents were up 2.8% compared to August 2024. Both Mature and Non-Mature Estates experienced equal year-on-year rental growth of 2.7%.
By flat type, rental prices for 3-room, 4-room, and Executive flats decreased by 0.6%, 1.2%, and 0.8%, respectively, while 5-room flats bucked the trend with a marginal 0.1% increase.
All flat types also recorded year-on-year price increases, led by 3-room flats with a 3.4% rise, followed by Executive flats at 2.7%, and 4-room and 5-room flats both up by 2.4%.
Market outlook
While leasing volumes for both condos and HDB flats show typical seasonal moderation, the broader picture reflects steady demand and price stability across the board. The balanced spread of condo rentals across core and suburban regions highlights diverse tenant preferences, while sustained year-on-year growth in HDB rents underscores ongoing demand amidst controlled supply.
Looking forward, the upcoming wave of new housing supply slated for late 2025 will be a key factor to watch. It could provide tenants with more choices to upgrade, and moderate rental growth, while landlords may face heightened competition. For tenants and landlords alike, staying informed about these evolving dynamics will be crucial to making savvy housing decisions as the market shifts from seasonal pause into renewed activity.
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Qingjian Realty and Forsea Holdings to Preview Coastal Cabana from 6 December; First Executive Condominium in Pasir Ris in Over a Decade
748-unit seafront executive condominium featuring resort-inspired living and spacious layouts thoughtfully designed for families
Prices to start from S$1,639 psf, with a mix of 3- to 5-bedroom units ranging from 872 sq ft to 1,421 sq ft
Next to Downtown East and surrounded by a full suite of family-friendly amenities, schools, and parks
Preview and e-application from 6 to 21 December 2025
SINGAPORE, 18 November 2025 – Qingjian Realty, Forsea Holdings, ZACD Group and Jianan Capital are set to preview the highly anticipated Coastal Cabana Executive Condominium (EC) from Saturday, 6 December 2025. Located along Jalan Loyang Besar in Pasir Ris, the 748-unit coastal development enjoys a coveted position within walking distance to Pasir MRT and next to Downtown East, with select units offering panoramic sea views. Designed as a serene retreat within a vibrant neighbourhood, Coastal Cabana offers families the quiet luxury of generous living spaces, thoughtfully curated facilities, and seamless access to the estate’s recreational offerings.
Mr Du Dexiang, Managing Director of Qingjian Realty said, “Coastal Cabana is a much-needed addition for upgraders and aspiring homeowners who appreciate the vibrancy and convenience of this well-developed mature estate. At Qingjian, our focus has always been on building quality homes with enduring appeal that meet the needs of buyers. That commitment is reflected in what we have created at Coastal Cabana. With the uncertain future supply of EC developments in Pasir Ris over the next few years, this project is well-positioned to capture strong pent-up demand in the area.”
Mr Wang Xin, Director at Forsea Holdings added, “Coastal Cabana reflects our shared vision with Qingjian Realty of creating homes that combine thoughtful design with enduring quality. From its architectural composition to the landscaping and arrival experience, every detail has been planned to harmonise with Pasir Ris’ coastal character while providing residents with a sense of space and calm.”
The development comprises 16 residential blocks of 11 and 12 storeys, offering a mix of three- to five-bedroom units ranging from 872 sq ft to 1,421 sq ft. It provides a total of 748 car park lots and is expected to achieve vacant possession by 31 March 2029.
A Well-Connected Coastal Home in the Heart of Pasir Ris
Located in one of Singapore’s most family-friendly neighbourhoods, Coastal Cabana offers residents the rare combination of coastal tranquillity and urban convenience. The neighbourhood’s abundant green spaces and family-friendly amenities have made it one of the East’s most desirable places to call home.
Situated next to Downtown East and just minutes from Pasir Ris Park and Pasir Ris MRT, the development enjoys close proximity to a full suite of shopping, dining, and recreational options.
In the coming years, the existing Pasir Ris MRT station will serve as an interchange connecting the existing East West Line (EWL) and the upcoming Cross Island Line (CRL) – offering residents island-wide connectivity and shorter travel times to key destinations and employment hubs.
Residents will also benefit from excellent road connectivity, with the Tampines Expressway (TPE) and Pan Island Expressway (PIE) offering easy access to the rest of the island.
An Evolving Neighbourhood That Offers Something for Everyone
As part of the ongoing rejuvenation of Pasir Ris, the Urban Redevelopment Authority’s (URA) Draft Master Plan 2025 will introduce new residential, commercial, and recreationalenhancements to Pasir Ris, further strengthening the estate’s appeal and bringing greater convenience, vibrancy, and long-term value to the neighbourhood.
Set within this evolving and self-contained estate, residents will already enjoy a wealth of amenities – from seaside leisure and nature parks, to lifestyle, shopping, dining, entertainment options, as well as reputable schools.
For those with school-going children, a strong network of educational institutions can be found nearby, including Casuarina Primary School and Pasir Ris Primary School within 1km of the development. Other nearby institutions include Elias Park Primary School, Hai Sing Catholic School, Meridian Primary School, Meridian Secondary School, Singapore Institute of Technology, and the Singapore University of Technology and Design.
Homes Designed for Every Generation
Set against the Pasir Ris coastline, Coastal Cabana is envisioned as a modern coastal sanctuary where families can enjoy generous spaces, sea views, and seamless connectivity.
Thoughtfully conceived as a rare coastal sanctuary with stunning sea views, Coastal Cabana is designed for comfort, connection, and convenience. The development pairs functional layouts with luxury resort-inspired facilities – offering residents the tranquillity of coastal living and the energy of a vibrant, well-established community.
The mix of three- to five-bedroom units cater to the evolving needs of families at every stage of life – from young couples starting out to multi-generational households seeking space, comfort and togetherness. All unit types are north-south facing and feature naturally ventilated kitchens and bathrooms, with selected layouts offering flexible spaces for use such as study or flexi areas that can be adapted to suit different lifestyle needs.
Homeowners can also expect quality interior finishes with kitchen appliances from Bosch and bathroom fittings from Hansgrohe.
A Space for Connection, Framed by Nature
Beyond their homes, residents can also look forward to over 65 family-oriented amenities, including a two-storey clubhouse, four swimming pools, and a sky terrace that offers sweeping sea views.
Coastal Cabana’s expansive clubhouse is envisioned as the heart of the development’s activity, providing residents with a multitude of options for connection, play, and relaxation.
The two-storey clubhouse is one of the most striking features of the development. Designed as an expansive social and recreational zone, it offers spaces for every member of the family – including four function rooms, a karaoke room, a music room, kids club, yoga studio, and a fully equipped gym. Beyond the clubhouse are other facilities including a tennis court, BBQ pavilions, outdoor fitness park, and adventure park for children.
Coastal Cabana’s collection of swimming pools are thoughtfully designed to suit different lifestyles, from family recreation to wellness and lap swimming.
The development’s collection of four swimming pools has been thoughtfully curated to cater to different lifestyles and generations – from the 50-metre Grand Pool and Lifestyle pool for serious swimmers, to the Family Pool designed for parents and young children, and the Wellness pool with spa facilities and aqua gym for leisure and relaxation. This deliberate separation of spaces allows residents to enjoy both tranquillity and connection, echoing the development’s vision of harmonious living.
Complementing the range of facilities, the development is also distinguished by its landscaping and architectural concept, which draws inspiration from tranquil European gardens – reflected in its symmetry, manicured hedgerows, and elegant vertical features that frame the facades.
The Grand Boulevard forms the centrepiece of Coastal Cabana’s arrival experience, leading residents and guests through a resort-inspired sequence from the drop-off area to the main lobby.
The experience begins with each arrival home. The Grand Boulevard forms the heart of Coastal Cabana’s arrival experience – framing a resort-inspired flow that begins at the Grand Boulevard Lobby – an elegant drop-off area – and the adjacent Boulevard Lounge which serves as a grand welcome for guest entering the development. Upon entering the grounds, residents are greeted by a long reflective water corridor that creates a serene visual transition from the lively surroundings into a calm, contemplative space within the development.
The long reflective water corridor lined with manicured hedgerows creates a serene visual transition from the development’s lively surroundings into its calm, landscaped interior.
The common areas are thoughtfully arranged around lush, manicured courtyards framed by tall landscaped walls and hedgerows, evoking a sense of peace, privacy, and timeless elegance. Expansive green lawns and open play areas create welcoming spaces for children to play and for families to gather, encouraging outdoor recreation and community connection. Together, these elements create an environment that feels both tranquil and alive – a crafted sanctuary that changes in mood and scenery as one moves through it.
Preview and Launch Details
Previews and e-applications will commence from 6 to 21 December 2025. Prices will range from S$1.438 million (S$1,649 psf) for a 872 sq ft three-bedder, and S$1.623 million (S$1,639 psf) for a 990 sq ft four-bedder.
E-applications for first-and second-time applicants will be balloted by HDB. The results of the balloting will be made known by 13 January 2026 and applicants with a ballot queue number will be given an appointment date and time to book their units.
Sales launch will commence on 17 January 2026.
The sales gallery is located along Eunos Avenue 3.
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