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Singapore, New York Tie for Highest First Half Rental Growth

  • London comes in third among 30 cities surveyed: Savills
  • Hong Kong at the bottom of pile with rents declining 1.3%
A "For Rent" sign outside an apartment building in the East Village neighborhood of New York.

A "For Rent" sign outside an apartment building in the East Village neighborhood of New York.

Photographer: Gabby Jones/Bloomberg
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If you’re renting in Singapore and New York, bad news: you’re living in the two cities where prices have skyrocketed the most.

Rent in those two cities, located at opposite ends of the world, surged by 8.5% in the first half of this year, according to a report by Savills Plc published on Friday. In a survey of 30 cities, London ranked third, with prices rising 7.7%, followed by Lisbon and Miami.