Malaysian workers' return boosts home rental volumes in Singapore

Staff of electronics giant Gain City crossing the Causeway to Singapore for work in August. Rents and leasings for Housing Board flats and condominium units rose last month as Malaysians returned to their jobs here.
Staff of electronics giant Gain City crossing the Causeway to Singapore for work in August. Rents and leasings for Housing Board flats and condominium units rose last month as Malaysians returned to their jobs here.PHOTO: GAIN CITY

The phased reopening of Singapore's border with Malaysia brought some welcome relief for landlords last month.

Rents and leasings for both Housing Board (HDB) flats and condominium units rose after August's rental volumes hit their lowest point in 12 months, according to flash data yesterday.

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A version of this article appeared in the print edition of The Straits Times on October 15, 2020, with the headline 'Malaysian workers' return boosts home rental volumes'. Print Edition | Subscribe