Analysis suggests that rent will rise at least 3% next year, driven by demand from local and foreign talent

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2024.12.27 04:58
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According to data from the Rating and Valuation Department, the private residential rental index in November was 193.1, a month-on-month decrease of 0.4%, with the annual increase narrowing to 4.1%. It is expected that rental prices will rise by 3% to 6% next year due to the continued increase in demand from local and foreign talent. Market analysis indicates that despite the increase in new supply, the demand brought by talent input programs will support rental performance, especially for small and medium-sized units