Singapore, 25 Mar 2022 Singapore's residential leasing market is not probably to see a major impact when the land border with Malaysia reopens further, although the grow in arrivals and departures could boost the number of rental transactions.
Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said more Malaysians, especially work pass holders, will head to Singapore.
"We anticipate that increased demand from Malaysian workers may push Singapore rents up further in the future," Sun noted.
"However, with Malaysians able to travel back and forth the 2 countries daily with ease, some of them may in fact give up their rental units in Singapore," she said.