Rental market ‘gone bananas’: Full impact of cooling measures yet to be seen, say analysts and agents

SPH Brightcove Video
In the past two years, the growing number of million-dollar HDB flats has caused some concern. This has left many people asking - has public housing become unaffordable? The Straits Times housing correspondent, Michelle Ng, finds out more.
New: Gift this subscriber-only story to your friends and family

SINGAPORE - After combing through close to 100 rental unit listings, sales director Lim Wee King was confident he would be able to rent a house by increasing his monthly budget from $3,000 to $3,800.

But he was outbid by another potential tenant who, on top of matching the $3,800 rent, also offered to install brand new air-conditioning units in the rental unit at his own expense.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.