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Mark Yip and Lee Sze Teck

While rents of private residential homes eased by 1.9 per cent in 2024, rents for Housing and Development Board flats rose 3.6 per cent. In the private condo market, all regions saw increasing leasing volume on year.

BT PROPERTY WEEK

Tariff chaos casts shadow over Singapore’s residential rental market

Generic photograph of Pinnacle@Duxton, HDB flats, and condominiums, as seen from Police Cantonment Complex, on Apr 15, 2024. Can be used for stories on budget, money, URA, property, land, housing, population, economy, and development.

Tackling the lottery effect in the HDB market

The private residential non-landed rental market may have wobbled in the second half of 2023, but rents are forecast to move higher in the next few years, on the back of lower supply. Tenant demand may pick up on the back of better economic growth in 2024.

BT PROPERTY 2024

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

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