Singapore’s private rental market is expected to thrive in the aftermath of the property cooling measures introduced last Friday.
Experts predict that a large number of property hunters, especially permanent residents (PRs) and foreigners will shift towards renting rather than buying.
“Intuitively, we would expect them to turn to the rental market while they wait for property prices to soften. With so much cooling measures in place, it is very likely that some consumers would think twice about buying a property right now,” said Getty Goh, Director of Ascendant Assets. Full story
