15 Feb '11, 2pm

Singapore home rents 3rd most expensive in Asia: ECA

Singapore is the third most expensive location in Asia to live in, according to the latest accommodation report from consultancy firm ECA international. The report, which compares the rental rates in over 120 locations worldwide, ranked Tokyo and Hong Kong as the region's top two most expensive places to reside in. Seoul placed fourth, while Shanghai was fifth. Rents have increased in Asia, boosted by strong economic growth and currency values as well as its growing number of expatriates, ECA said. In Singapore, rents rose 15 per cent last year to over US$2,800 ($3,580) a month. This is in sharp contrast to the 17 per cent drop in rental prices for an unfurnished two-bedroom property during the global recession in 2009. Globally, Singapore's ranking rose to fifth position last year, after placing sixth in the previous year. "The rebound in Singapore has been driven by a ge...

Full article: http://www.todayonline.com/Business/EDC110215-0000565/Spo...

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channelnewsasia.com 15 Feb '11, 11am

SINGAPORE : Singapore is the third most expensive location in Asia to live in, according to the latest accommodation repor...

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temasekreview.com 16 Feb '11, 3am

Singapore is the third most expensive location in Asia to live in, according to the latest accommodation reports from cons...

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straitstimes.com 15 Feb '11, 8am

This ranking came about as a result of a 15 per cent increase in monthly rent to US$2,810 (S$3,600) last year for an unfur...

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