Singapore, 02 Feb 2023 SINGAPORE: To stay in Singapore or move somewhere else? To pay more and save on transport, or move to save on rent but spend more time and money commuting to work?
These were some of the considerations tenants shared with CNA when asked about their rental situation.
Ms Sun, who is senior vice president of research and analytics at OrangeTee and Tie, said that demand in 2023 will depend on the state of the global economy.
"If the economy performs better than expected and many MNCs ramp up their hiring, this may potentially benefit our rental market when more expats return to Singapore," she said.
"Conversely, as more condos and flats are going to be completed this year, the number of local renters may fall."