Condominium rents increased 34.4 per cent year-on-year in 2022 while HDB flat rents went up 28.5 per cent, according to separate figures from property portals 99.co and SRX.
Calling the rent hike “crazy”, Ms Li said she tried to find another home in the same area but prices had become “ridiculous”. But to her shock, she found that rental prices had increased sharply — a two-bedroom apartment in the condominium complex she was staying cost S$3,500 a month in May last year, up from the S$2,200 rent a month before.So they chose to rent a three-room HDB flat in Bedok instead for S$3,000 a month.Another expatriate who is racking her brain about rising rents is Ms Debapriya Biswas, 36, who owns a social media marketing agency.
For now, Ms Biswas is looking to rent a three-room HDB flat in the eastern part of Singapore for around S$2,500 to S$3,000 a month, though it has not been easy due to the high demand.Ms Debapriya Biswas, 36, had been paying S$2,600 a month for a two-bedroom apartment in a Simei condominium since her last lease in 2022, but rent has now doubled to S$5,000.
Source: News Formal (newsformal.com)
If they are not that gullible to want expensive areas when this small island is within less than an hour reach mostly from 1 point to another! They need to learn to integrate themselves in HDB Towns to save monies!!
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