The Business Times
business-time-50

Mark Yip and Lee Sze Teck

While rents of private residential homes eased by 1.9% in 2024, rents for HDB flats rose 3.6%. In the private condo market, all regions saw increasing leasing volume on the year.
BT PROPERTY WEEK

Tariff chaos casts shadow over Singapore’s residential rental market

Leasing volume improves in 2024 as private condo rents ease

Four-room flats at Pinnacle@Duxton, a well-known example of public housing in a very prime location, transacted at S$1.13 million to S$1.45 million in 2024.

Tackling the lottery effect in the HDB market

Million-dollar flat sales may give an outsized impression of price gains; new Plus flats may still see a boost on limited supply

The private residential non-landed rental market may have wobbled in H2 2023, but rents are forecast to move higher in the next few years, on the back of lower supply.
BT PROPERTY 2024

Residential rents may bottom in H2 2024 before recovering on supply lag, better economic growth

Gross rental yields have improved as rental growth outpaces prices; Woodlands and Jurong outperform

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