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The Bukit Timah residential area in Singapore.

The Bukit Timah residential area in Singapore.

 Photographer: Bryan van der Beek/Bloomberg

Singapore’s Surging Rents Shock Expats and Encourage Scammers

The city-state’s rental market is so hot, people are snapping up apartments without ever visiting them

When Canadian expat Michelle went to renew the lease on her three-story house in Singapore in May, her landlord wanted to raise the rent by almost 40%. 

Michelle tried to negotiate but the owner wouldn’t budge on the S$10,000 ($7,200) a month asking price. She’s moving her family into a three-bedroom apartment next month.