03 Jan '12, 1am

New property cooling measures could give Singapore's rental market a boost, say analysts

New property cooling measures could give Singapore's rental market a boost, say analysts

Market watchers believe the global economic uncertainty could lead to more constrained rental budgets for foreign professionals, but could raise demand for projects in suburban, mid-prime or city fringe locations. -- ST PHOTO: ALPHONSUS CHERN By Cheryl Lim The rental market could brighten for landlords this year as home buyers defer buying units in the wake of the recent cooling measures, say analysts. They believe the larger pool of tenants might stabilise the rental market or even drive a pick up of up to 5 per cent in rents over the next 12 months. These analysts' comments are a contrast to earlier expectations that rents were set to fall as a large supply of completed units come onto the market this year. Analysts had predicted a possible softening of rents this year due to the new private and public homes that will be completed within the next few months. Background s...

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