Singapore Sees Some Relief Ahead in Soaring Rental Costs
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Singapore, which tied with New York for the city with the priciest rentals at one point last year, is expected to see some relief in residential rental costs ahead, as the city-state races to boost supply by completing construction that was halted during the pandemic.
Both public and private residential rental costs have soared since 2021, by 38% and 43%, respectively, according to data provided by the Ministry of National Development.