Rental volumes for both HDB flats and non-landed condos recovered slightly in 2021 after dipping in 2020 due to the pandemic, according to flash data from SRX and 99.co.
The recent property cooling measures could actually support the rental market in 2022.
Condo price growth is expected to be more moderate after the cooling measures, Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie.
"Some landlords may hold back on the sale of their units. They could be waiting for prices or market sentiment to recover. In the meantime, some may lease their units instead, especially since rental demand is still strong and rents have been rising," she added.