Prices are still dropping! Checkout my new site with Singapore rental and property analysis and other stuff : https://clpcdxorvtvo.substack.com
Read the previous part of this series at https://clpcdxorvtvo.substack.com/p/app-to-analyse-singapore-rentals
It's been a while since my last post on Singapore rentals analysis app. Last update showed proof of dropping rentals. In this update, I'll be showing more of it.
Before going into the analysis part, I've recently added price change updates to the 2nd data source - 9****
So out of 100000+ listings, there are 14000+ of them have updates to their prices.
Hooray, price dropping!
However, do take note that what I've noticed is that a number of these listings are just reusing the same listed post but with updated location and floor area among a few attributes besides the price change. Some are listings as far back as 2 years ago being updated. Meaning that the price change may just reflect that the listing itself has changed for a different unit.
Much larger pool of listings for rent
Looking at data from 2022 up to March 2025, you can see a significant uptick in listings around Q2 of 2024.
More options means more competition and thus lower prices.
More newer(?) listings since the last 3-4 months
Referring to rental source 9*****, I noted a large number of red/hotter markers on the far right of the graph.Thinking it was more newer units being listed for rental on the market, I looked them up. However, most of the listings are much older flats like this Ang Mo Kio one.
And this Teck Whye one.
I can't say for sure, but it might be that the agents have an overwhelming number of listings to post and manage OR they are getting lazy to update them.
That's all for this update. Let's continue to push for lower housing prices!
Welcome to share your feedback in the comments