Rents for luxury homes in Singapore jump in 1Q amid wider slump

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RENTS for large luxury homes in Singapore jumped in the first quarter of of 2024 (1Q24), in contrast to an overall slump in the wider market, as demand from high-net-worth foreigners met with limited supply, say real estate agents.

Analysis by Huttons Asia showed that one market segment in particular – private non-landed residential four-bedroom units – saw a 36.5 % jump in demand in 1Q24, compared with 4Q23.

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