Singapore: Renters are Struggling to Keep Up with Skyrocketing Home Prices
Renters in Singapore are struggling to keep up with skyrocketing property market prices, with private housing rents expected to grow at their fastest rate in over a decade in 2022.
The trend is affecting both public and luxury residences, with Singapore currently having the fastest growth rate in luxury real estate rents in the world.
This is impacting expats who have been living in Singapore for a long period, and many are being forced to change their lifestyles to cope with the rising costs.
However, tenants in Singapore can expect some relief in the near future, as a substantial supply of housing is set to come online over the next few years, with nearly 40,000 public and private homes expected to be completed this year alone.
Singapore: Renters are Struggling to Keep Up with Skyrocketing Home Prices
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