It was caused not by a jump in demand, but by a contraction in supply LAST week, I suggested that the private housing oversupply may have been understated. This is because units that have been bought by investors can still be considered as part of the housing supply until they are resold or are tenanted. If the rental income cannot cover the mortgage payments and if the owners are highly geared, then...
Home Rental Outlook
Rentals for HDB and mass market private apartments are set to rise in the coming years, with more foreign workers heading for Singapore. Property agents expect rents to climb by about 10 percent this year. They say HDB flat-owners could gain from the spike in demand. Singapore’s two integrated resorts will be ready in the next two years. Besides attracting more tourists, they are also expected to...