Singapore’s new homes projected to tame surge to 5%, says analyst
SINGAPORE: Rental growth in Singapore is expected to moderate for the rest of this year on more supply and macroeconomic headwinds, providing some respite for tenants struggling with soaring housing costs.
Residential rental growth could slow to less than 5% in the second half, with an overall annual increase of between 10% and 15%, said Bloomberg Intelligence analyst Ken Foong. This comes after an almost 30% jump in 2022 and a 7.2% increase in the first quarter. The market remains underpinned by the city-state’s economic recovery and…
