Private property rents hit a record high in 2022, to grow at a slower pace in 2023

Know somebody hit by the surge in private rental last year?

The rise in prices— close to 30%— was the steepest since that in 2007.

In addition to private homeowners awaiting the completion of their projects, which may be faced with some delays, the return of international students as borders reopened also drove the demand for private homes.

The wait-out period for those who intend to purchase a resale HDB flat after the purchase of their private homes, has led to a further rise in the fervour in the private rental market.

Deciding between renting and buying a private property? At Wonder Homes, we can help you navigate the private property market. Drop us a message today!