The condo rental market has experienced fluctuations over time, largely influenced by broader economic conditions. However, overall vacancy rates have remained healthy. While the COVID-19 pandemic initially caused a decline in rental demand due to travel restrictions, the market quickly rebounded with the reopening of borders and the resumption of economic activities. As of 2024 and 2025, rental prices have stabilized following a steep increase in previous years. Additionally, the completion of new condos has resulted in a wider range of options for tenants. For investors, this means placing emphasis on location, unit efficiency, and tenant management to ensure consistent rental income.

Apart from the GSW, other up-and-coming areas in Singapore with high rental potential include Kampong Bugis and the Jurong Lake District. These areas are also undergoing massive developments and offer investors a chance to tap into the growing demand for rental properties. With new infrastructure and amenities being …