Insights Rent guide

Should I renew my condo lease in Singapore?

A renewal decision is not just about the new rent. It is the new rent compared with recent project evidence, nearby alternatives, moving cost, convenience and the risk of searching again.

Data is for research and comparison only.

Rental evidence 453,593 Use recent project rent first

Renewal anchor Project median Then bedroom and area band

Hidden cost Moving Time, deposit, agents and disruption

Compare the renewal to actual rents

Start with the project page. If the renewal offer is close to recent project rent for similar units, moving may not be worth the disruption.

If the renewal is far above the project signal and nearby projects offer similar homes for less, you have a stronger reason to negotiate or leave.

What to make of this

This rent read should feel practical, not academic. The main anchors here are rental evidence 453,593 (Use recent project rent first) and renewal anchor Project median (Then bedroom and area band). If the asking rent is above the project signal, the unit needs a visible reason: size, condition, furnishing, view, floor or timing.

Watertown in D19 / Serangoon Garden, Hougang, Punggol is the first row I would open, with median rent $3,100 and average rent $3,323. This is not about winning an argument with a landlord. It is about knowing the range well enough to negotiate without guessing.

What I would check next

I would open the project page and look for the closest rental band before deciding whether the rent is fair. The best comparison is usually the same project, similar size and recent lease timing.

If the project has thin rental data, I would use nearby projects as backup rather than jump straight to the district median. Nearby buildings with similar age and tenant demand usually tell a better story.

Do not forget moving costs

A cheaper rent elsewhere can still lose if the savings are small and moving costs are high. Count movers, setup time, deposits, furniture gaps, agent costs and the stress of changing routines.

The bigger the renewal increase, the easier it is for moving to make sense. Small increases are more about convenience and timing.

Use rent stability in negotiation

If project rent has been stable, a big renewal jump needs a stronger explanation. If project rent is clearly moving up, the landlord has more support for an increase.

Negotiation works best when you use the project data calmly and offer practical terms, such as an earlier renewal, longer lease or clean handover.

Projects with cleaner renewal anchors

Projects with deeper rental evidence are easier to use when checking a renewal offer.

01 Watertown D19 / Serangoon Garden, Hougang, Punggol $3,100 Median rent $3,323 Average rent 1,648 Rentals 02 Eco D16 / Bedok, Upper East Coast, Eastwood, Kew Drive $3,100 Median rent $3,303 Average rent 1,384 Rentals 03 High Park Residences D28 / Seletar $3,000 Median rent $2,996 Average rent 1,320 Rentals 04 Hillion Residences D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang $2,900 Median rent $3,165 Average rent 1,018 Rentals 05 Spottiswoode 18 D02 / Anson, Tanjong Pagar $3,200 Median rent $3,185 Average rent 790 Rentals 06 Robinson Suites D01 / Raffles Place, Cecil, Marina, People's Park $3,800 Median rent $3,741 Average rent 561 Rentals 07 Leonie Condotel D09 / Orchard, Cairnhill, River Valley $11,200 Median rent $10,757 Average rent 427 Rentals 08 Prestige Heights D12 / Balestier, Toa Payoh, Serangoon $2,500 Median rent $2,506 Average rent 391 Rentals 09 Banyan Condominium D05 / Pasir Panjang, Hong Leong Garden, Clementi New Town $4,800 Median rent $4,541 Average rent 193 Rentals 10 Laurel Tree D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang $2,750 Median rent $2,788 Average rent 162 Rentals 11 Pavilion Square D14 / Geylang, Eunos $2,600 Median rent $2,578 Average rent 124 Rentals 12 Point Loma D11 / Watten Estate, Novena, Thomson $6,500 Median rent $6,578 Average rent 51 Rentals

Quick answers

Short answers based on the current data view.

What is a fair renewal increase?

There is no fixed number. Compare the renewal against recent project rentals, district movement and similar nearby projects.

Should I move if the landlord increases rent?

Only if the increase is larger than the cost and hassle of moving, or if nearby alternatives are clearly better.

Can I negotiate with project rent data?

Yes. Use recent recorded rents as an anchor and keep the conversation practical.