, Singapore is the most expensive place to rent private property in the Asia Pacific, according to 2023 data from the Urban Land Institute.
Third, cost. Many co-living spaces offer just a room for rental, while others offer a bed and table. This allows individuals to rent a room for about S$1,000 in a central location. Flexibility, community and costs are key reasons why co-living has taken off in cities such as London, San Francisco, New York and Singapore over the past few years. In Singapore, it is not uncommon for co-living operators to report 90 per cent occupancy.Beyond short-term drivers, there are long-term factors that are likely to ensure that co-living will continue to thrive in Singapore.
They may not want to buy a home, especially as stamp duties have been doubled for foreigners. Still, they are looking for housing options with amenities. Being able to cater to this group is critical as Singapore looks to attract the world’s best talent.progressively allocated more state-owned buildings such as heritage shophouses
Source: Real Estate Daily Report (realestatedailyreport.net)
Rental Property Housing
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