April 2024

Rents are being lowered as the rental demand has slowed

[vc_row][vc_column][vc_column_text]PropertyGuru reported that private landlords’ asking rents in Singapore had been declining since the end of 2023. Rental demand was easing and supply increasing, according to the report. The study was published in late march and showed that asking rentals – which are the rents shown in listings on PropertyGuru – consistently declined in 2023.

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