Singapore homes to see firm rents, more leasing deals when border with Malaysia reopens further

SINGAPORE'S residential leasing market is not likely to see a major impact when the land border with Malaysia reopens further, although the increase in arrivals and departures could boost the volume of rental transactions, property analysts said.

While residential properties in areas like Yishun and Jurong could enjoy higher rental demand, some Malaysians will also vacate rental housing in the city-state when their leases come to an end.

From Apr 1, fully vaccinated people travelling between Singapore and Malaysia by land will be allowed to enter either country without needing to take a Covid-19 test or quarantine. They may cross the borders via private vehicles, such as cars and motorcycles, in addition to designated vaccinated travel bus services.