Rents in Singapore up 9.9%, now at seven-year high - The Independent Singapore News

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Living in one of the world’s most expensive cities has become even more expensive, with the rental price index of Singapore up by nearly 10 per cent. The Economist Intelligence Unit ranked Singapore alongside Paris as the second most expensive city in the world for 2021, outranked only by Tel Aviv, Israel. This means that …

Living in one of the world’s most expensive cities has become even more expensive, with the rental price index of Singapore up by nearly 10 per cent.ranked Singapore alongside Paris as the second most expensive city in the world for 2021, outranked only by Tel Aviv, Israel.

Part of the problem is that the construction industry has been plagued with delays due to supply chain issues and the shortage of foreign workers resulting from travel curbs and border closures arising from the Covid-19 pandemic.

 

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