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Private property rents for 2022 at highest level since 2013
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Surging rents caught many tenants by surprise, with many having to move after their leases were up and landlords hiked prices.
PHOTO: ST FILE
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SINGAPORE – Private residential property rents hit a record high in 2022, surpassing the previous peak in 2013.
An index tracking rents in the sector was 23.9 per cent higher in the July-to-September quarter of 2022 compared with the same period in 2021 and 16.7 per cent ahead of that 2013 benchmark, noted the Urban Redevelopment Authority.
