A S$1 million condo in Singapore typically commands S$2,800–S$4,200 per month in rent as of 2026, depending on location, age, and unit size. CCR units pull S$3,200–S$4,200, RCR S$3,000–S$3,800, OCR S$2,800–S$3,200. Studios at this price point are smaller (35-45 sqm) and rent for S$2,500–S$3,000.
Monthly rent for S$1M condo by region
| Region | Typical unit | Monthly rent | Gross yield |
|---|---|---|---|
| CCR (D9, D10) | 2BR, 50-65 sqm | S$3,400-4,200 | 4.1-5.0% |
| RCR (D8, D14, D15) | 2BR, 55-70 sqm | S$3,000-3,800 | 3.6-4.6% |
| OCR (D18, D19, D22) | 2BR, 60-75 sqm | S$2,800-3,400 | 3.4-4.1% |
Rents vary 20-30% within each region based on condo age, MRT proximity, and amenities.
Factors affecting rent
- Condo age: New launches command 10-15% premium over 5-year-old comparable units
- Floor + view: High floor (above 20) adds 5-10%
- Walking distance to MRT: 400m or closer adds 10-20% rental premium
- School proximity: Top-school enrolment areas (Bukit Timah, Holland Road) command family-rental premium
- Furnishing: Fully-furnished adds S$300-500/mo
FAQ
What if the unit is bare?
Unfurnished rents at 10-15% discount. Some tenants prefer bare for own furniture.
How fast can a S$1M condo rent out?
Average days-on-market: 4-8 weeks in stable market. New launches at TOP may need 8-12 weeks during absorption.
Does corporate / expat lease pay more?
Yes, typically 5-10% premium for 2+ year corporate leases with relocation packages.