Sunday, January 29, 2012

Record 45,000 leases signed but rent hikes ease

Straits Times: Sat, Jan 28
IT WAS a stellar year for the residential rental market with a record number of leases inked last year.

An analysis of Urban Redevelopment Authority (URA) data by property consultancy Savills Singapore found that 45,062 leases were signed last year.

That was an 8.4 per cent jump on 2010's 41,573 leases - itself a record...

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Martin Koh/ Sherry Tang
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