Singapore’s private rents are expected to rise at a slower pace of 13% to 16% next year due to an increase in supply, researcher OrangeTee & Tie estimates.
An influx of more than 18,000 newly completed private homes next year could help ease rental pressure, potentially bringing down prices that are estimated to have jumped 26% to 29% this year, analysts led by Christine Sun, head of research at OrangeTee & Tie, wrote in a report released on Friday.