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Surge in rents for private homes, HDB flats leaves tenants constantly looking for cheaper options

A view of public housing blocks in Singapore seen in March 2022.

A view of public housing blocks in Singapore seen in March 2022.

URA and HDB released real estate data for the third quarter of 2022, which showed rents hitting all-time highs.
Tenants said they have no choice but to eventually move or pay a higher price to rent.
Landlords said that while increasing market rates are good for them, rising interest rates will affect their profit margin.

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