Rents in Singapore hit three-year high as expat demand surges

Singapore continues to attract high-skilled expatriates as it invests in sectors such as fintech and health. - AFP

SINGAPORE (Bloomberg): Residential rents in Singapore rose to a three-year high in 2019, with prices boosted by strong overseas demand that signals the city-state’s continuing appeal among expatriates.

Rents climbed 1.4% last year, according to real estate agency OrangeTee & Tie Pte, using data from the Urban Redevelopment Authority.