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#5: To Rent or Own? Addressing Singapore’s Soaring Rental Rates!
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As we have noticed, rental rates have been sky high lately. The quantum leap for rental rates are most significant in recent years. Why? Covid was one of the core derivative factors that drove rental demand up. Home construction delays, renovations and work-from-home practices are just some of the aspects that lead to extended rental requirements.
In this episode of Nuggets on the Go, Melvin Lim from PropertyLimBrothers will dive deeper into the reasons for this spike in rental prices, as well as talk about the potential outlook of the rental market. Will it taper off as rental supply increases? Especially with the slew of new launch projects TOP-ing this year. To give a better understanding of the residential landscape in Singapore, Melvin also compares between renting a home and owning, its pros and cons, and the tangible and intangible factors. In this current market, which route would you take?
#PropertyLimBrothers #NOTG #rental #singapore #realestate #property #rates
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