Rental demand surge likely due to anti-virus measures: The Straits Times

Restrictions on travel and crowd control measures undertaken to counter the pandemic had caused an increased in rental demand for both private apartments and public housing. According to flash data, 514 more private residential apartments, up 10.9% were rented last month as compared to the month of February, though this figure is still 5.9% lower when compared to the same month last year. However, the figure is 7.6% higher than the five year average in the same month.

Source: https://www.straitstimes.com/business/property/rental-demand-surge-likely-due-to-anti-virus-measures

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