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News Forum - Rent in Singapore reaches 7 year high, despite decreasing population

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Home rentals in Singapore, already among the world’s most expensive locales, have increased to a seven-year high, despite the city-state’s population decreasing in the last two years. The rental price index for private residential buildings rose to 114.2 in the fourth quarter last year, an increase of 9.9% compared to the same period last year, as demand outstrips supply, affected by construction delays from Covid-19 restrictions, even as the country opens up. In Singapore, the pandemic has caused a shortage of workers and resources, causing the construction of private apartments and public Housing Development Board flats to be delayed. Analysts […]

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