Rent for Housing Board flats and condominiums in Singapore kept rising in the month of December, thus keeping the whole of 2022 a landlords' market. Analysts are pointing out that there may be a minor relief from tenant's expense when more units become available in 2023.
In December, rental prices for condominiums saw an increase of 3%, faster than the 2.8% recorded in November, with those located in central Singapore having a growth rate of 3.9%, as per data revealed on Tuesday by property portals 99.co and SRX. Furthermore, HDB rents also went up by 2.8%, surpassing the 2.5% growth rate seen in November.
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MICHAEL CIOLA
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