Costly venture: A woman is silhouetted as she looks out at residential buildings in Singapore. Amid upside pressure, some units in the island republic have seen rental growth of at least between 10% and 15%. — Bloomberg
SINGAPORE: Singapore residents bemoaning expensive home prices now have something else to worry about: rising rents.
Rents have jumped to a six-year high, and analysts anticipate further increases as demand outweighs supply. That’s adding to costs for residents of the financial hub, especially expatriates, at a time when inflationary pressures are building.
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