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Private housing rental market seen being squeezed by 3 factors
They are record home completions, tighter inflow of expats, stricter property tax regime
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Kalpana Rashiwala
Published Fri, Apr 25, 2014 · 10:00 PM
Singapore
THE private rental housing market is set to come under pressure on the back of record private home completions, a tighter inflow of expat tenants into Singapore and a stricter property tax regime.
Latest official statistics show that private residential rents slipped for the second consecutive quarter - easing 0.7 per cent quarter on quarter in Q1 2014. This was a slightly bigger drop than the 0.5 per cent dip in Q4 last year.
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