Tough 2021 for residential landlords as rent budgets, foreign workforce shrink

Vacancy rate seen rising to 7% and 8-9% for 2020 and 2021, respectively; posh homes could see rents fall 2-3% for 2020

Published Mon, Jan 4, 2021 · 05:50 AM

Singapore

IT'S going to be another gloomy year for private residential landlords as cuts to tenants' rental budgets continue while more foreigners lose their jobs in Singapore.

And don't hold out for the Chinese tech companies which are expanding in Singapore to fill the increasing number of empty homes, as it's far from clear how many expats they will send here.