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Condo rents to drop by up to 10%: ANZ

Supply glut looms as S'pore population growth can't absorb new supply, it adds
Saturday, December 6, 2014 - 05:50

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Vacancies in the private residential market are set to inch up over the next few years as a supply glut looms, and this would exert further downward pressure on rents and, hence, investment returns.

Singapore

VACANCIES in the private residential market are set to inch up over the next few years as a supply glut looms, and this would exert further downward pressure on rents and, hence, investment returns.

ANZ Bank flagged in a report on Friday that Singapore's population growth

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