S’pore rents aren’t going anywhere, AI boom or not

Singapore rents may remain broadly stable as leasing transactions ease. Landlords who push for more, however, will meet resistance. — Bloomberg

SINGAPORE tenants have had two relatively calm years after rental increases blew past New York in the aftermath of the pandemic.

No, the Asian financial centre didn’t elect a Zohran Mamdani to lower the cost of living – a tight labour market and healthy income growth have made housing affordability less of a worry than in 2023.