Singapore Housing Rents May Fall on Record Supply, Times Says

Bloomberg.com
27 Jul 2008

July 27 (Bloomberg) -- Singapore's housing rents, which rose by the most last year, will probably decline as a record number of newly completed homes become available in 2009, the Straits Times reported.

About 13,399 new private homes will be ready in 2009, double the average in recent years and the most in a single year, the Straits Times said, citing CB Richard Ellis Group Inc.

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