Rental housing in Singapore will grow by 3-5 percent

Аренда жилья в Сингапуре вырастет на 3-5 процентов

Rental housing in Singapore will grow by 3-5 percent

Analysts expect rents for apartments in Singapore to increase by 3-5 percent in 2020 in 2020. Rents should be stimulated by a strong influx of foreign workers and companies.

Last year, rents for Singapore housing increased by 1 .4 percent. Thus, the indicator reached its maximum value for the last three years. The main interest comes from immigrants who believe that renting an apartment is cheaper than buying an apartment in Singapore due to high fees for foreigners, or come for a short time for work.

The number of leases signed in Singapore in 2019 was 93,920. This is a record figure for ten years.

Singapore is ranked 11th in the world in terms of rental costs. Renting apartments in Singapore is cheaper than in Hong Kong and New York. Hong Kong is the most expensive place to rent, with San Francisco and New York in second and third place respectively.

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Rental housing in Singapore will grow by 3-5 percent