Real Estate

what this means for foreigners


If rents continue to grow steadily, more residents will bite the bullet and purchase a property before paying higher prices for rent, Knight Frank’s Christine Li said.

Fiftymm99 | Moment | Getty Images

SINGAPORE — Foreign residents in Singapore continue to feel the pinch as home rental prices soar and show few signs of returning to pre-pandemic levels soon. 

Whether one’s renting a room, an apartment or a house, long-time expatriates living in Singapore are digging deep into their pockets and making drastic changes to cope with rising rents.

According to data from Singapore’s Urban Redevelopment Authority’s rental index, prices of all private residential properties surged by 29.7%…


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