Residential Rents Set To Rise On Supply Lag

Residential rents set to rise on supply lag

Check out the latest report from Huttons Group on the rental market, where we delve into the dynamics shaping residential rents.

For the year 2023, rents of private non-landed homes rose 6.9 per cent, less than the near 30 per cent increase in 2022. Notably, Districts 21, 4, and 26 witnessed rent declines, while Districts 25 and 22 saw rent hikes.

Looking ahead, rents are forecast to move higher in the next few years, on the back of lower supply. Moreover, tenant demand may pick up on the back of better economic growth in 2024.

Download the full write-up in PDF below.

E2402032-Residential Rents Set To Rise On Supply Lag.pdf

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