Property prices are increasing faster than rents, driving more millennials and young professionals to the rental market and co-living rather than purchasing.

Co-living spaces may benefit from this trend. How will more co-living spaces affect 2022’s residential property rental outlook?

URA – The Singapore rental market is looking robust for non-landed properties. Rentals of non-landed properties in the Core Central Region and Rest of Central Region increased by 2.9% and 2.8% in 4th Quarter 2021 from the previous quarter. Rentals in RCR increased by 2.8%, compared with the 1.6% increase in the previous quarter.

Read the full report on property rental outlook in Singapore published by the Urban Redevelopment Authority Singapore here: Release of 4th Quarter 2021 real estate statistics (ura.gov.sg)

by Urban Redevelopment Authority Singapore

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