RENTAugust 2026

Singapore commercial rent by area 2026: what operators are actually paying

Published rent guides quote ranges. URA rental transaction data shows what leases are actually signed at. We pulled median PSF from Q2 2026 URA transactions across Singapore planning areas to map where commercial rent actually sits, where it is rising, and where it is softening.

Source: URA Rental Transactions Q2 2026 · Planning area level · Updated August 2026

Key finding

Jurong West and Pasir Ris are among Singapore's most expensive commercial markets at SGD 21 to 22 PSF, higher than Downtown Core at SGD 12.98. Kallang and Clementi offer the lowest viable commercial rents at SGD 8 to 9 PSF. The spread between cheapest and most expensive planning area is more than 5x.

Median commercial PSF by planning area

URA rental transactions Q2 2026. F&B score range shows lowest to highest SiteMetriq score within that planning area.

Pasir Ris
SGD 21.70score 34-48
Jurong West
SGD 21.46score 15-62
Jurong East
SGD 21.17score 27-52
Bukit Batok
SGD 17.91score 36-66
Bukit Panjang
SGD 17.91score 33-42
Tengah
SGD 17.91score 20
Yishun
SGD 17.87score 48-67
Sembawang
SGD 17.87score 20-33
Ang Mo Kio
SGD 15.73score 37-58
Newton
SGD 15.51score 66-87
Novena
SGD 15.51score 33-36
Hougang
SGD 13.12score 47-54
Sengkang
SGD 13.12score 41-90
Serangoon
SGD 13.12score 38-41
Punggol
SGD 13.11score 15-41
Downtown Core
SGD 12.98score 46-72
Singapore River
SGD 12.22score 84-86
River Valley
SGD 12.22score 72
Bedok
SGD 12.00score 37-54
Woodlands
SGD 12.00score 43
Outram
SGD 11.61score 52
Rochor
SGD 11.44score 70-75
Toa Payoh
SGD 10.75score 59-64
Bukit Merah
SGD 10.51score 40-64
Queenstown
SGD 10.51score 36-74
Bukit Timah
SGD 9.99score 42-43
Kallang
SGD 9.24score 59-70
Geylang
SGD 9.24score 56
Clementi
SGD 8.81score 42-47
Boon Lay
SGD 6.50score 29-31

Why the CBD is cheaper than Jurong

At SGD 12.98 PSF, Downtown Core is materially lower than Jurong West at SGD 21.46. This reflects how URA classifies commercial space. Much of Jurong's commercial stock is HDB podium retail: captive neighbourhood units with limited supply relative to the residential population above them. CBD commercial space is more abundant and competitive.

For F&B operators, this has a direct effect on break-even. A 500 sqft unit in Jurong West at the area median costs significantly more per month than the equivalent in Downtown Core. Whether the footfall at each location justifies that difference depends on the specific unit, not the district average.

Fastest-rising planning areas

QoQ rent trend from URA transactions. Planning area level.

AreaPSFChangeConfidence
QueenstownSGD 10.51+21.4%High confidence, 174+ transactions
BedokSGD 12.00+19.9%High confidence, 168+ transactions
River ValleySGD 12.22+16.8%High confidence, 222 transactions
Bukit TimahSGD 9.99+16.5%High confidence, 216 transactions
YishunSGD 17.87+15.9%Multiple subzones rising
Ang Mo KioSGD 15.73+14.3%Planning area level trend

Where rent is falling

Falling rent improves negotiating position. Operators evaluating these areas today have more room to negotiate than those who signed 12 months ago. Whether a specific unit in these areas makes sense still depends on the demand signal at that address, not just the trend.

HougangSGD 13.12-8.5%
Bukit MerahSGD 10.51-5.4%
SeletarSGD 6.50-4.6%
PunggolSGD 13.12-3.3%

Planning area averages are a starting point

The PSF figures above are planning area medians. Your quoted rent, the specific unit's size, floor level, and the actual footfall at that address determine whether the rent makes sense. A SiteMetriq report benchmarks your specific quote against URA transactions for the surrounding subzone and calculates your exact break-even.

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