Condo, HDB rents up amid disruptions caused by Covid-19

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Rent growth has been supported by demand from foreigners extending their stay or arriving amid travel restrictions.

Condo, HDB rents up amid disruptions caused by Covid-19

Grace LeongSenior Business Correspondent

SINGAPORE – Disruptions arising from the Covid-19 pandemic have altered renting patterns, and helped boost rents in both the private and public housing markets in Singapore.

With vacancy low and the supply of new completed homes limited, rent growth has been supported by demand from foreigners extending their stay or arriving amid travel restrictions, and anticipated delays in the building of new flats and private homes due to labour constraints.

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