A breakneck surge in private residential rents hammered Singapore’s tenants with increases of about 21% in the first nine months of 2022, and the pain looks set to continue this year.
Despite the pace slowing, analysts predict that rents are set to rise by another 10-15% this year.
In Powering Your Property, Prime Time's Timothy Go and Bharati Jagdish speak with Nicholas Mak, Head of Research and Consultancy, ERA Realty for his outlook for the private property sector here.