Rental growth in 3Q2024 ‘short-lived’; upside capped by increased competition for tenants

Private residential rents rose by 0.8% q-o-q in 3Q2024, following three consecutive quarters of decline. However, this uptick may be short-lived, according to ERA’s 3Q2024 report released on Nov 13 The modest recovery in 3Q2024 may be due to tenants’ preference for private homes, seeking greater value in properties with in-house amenities, says Wong Shanting, […]