Private apartments are seen against the backdrop of the Marina Bay Sands hotel and the Singapore Flyer observatory wheel in Singapore on March 23, 2022. (AFP file photo)
Rents for Singapore’s private apartments and Housing Development Board flats surged to record highs last month, according to local media, and expectations are that they will keep rising.
Condominium rents climbed 2.3% in April from a month earlier to surpass their previous peak reached in January 2013, while those for HDB flats increased 1.9% to exceed the record set in August 2013, the Business Times reported, citing data released by real estate portals 99.co and SRX Property.
Demand for more space during the pandemic coupled with tight supply of houses due…
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