Daily Briefing: Singapore amongst the most expensive places to rent; Experts not surprised with government's stance on home curbs

And here are six changes that may affect your household after Budget 2017.

Singapore emerged as the world’s fifth most expensive place to rent a home based on available property listings, according to research done by UK-based property portal, Nested. On average, rental cost here stands at £2.68 (S$4.73) psf, monthly rent for an individual amounts to around £1,125 (S$1,985), while that for a family cost £2,134 (S$3,766). This means a person needs to earn £46,542 (S$82,127) per annum to meet his rental cost, whereas a household requires an income of £88,310 (S$155,830). Click here to read more.

The government’s decision to keep its residential property curbs came as no surprise to industry experts. In a Bloomberg interview, National Development Minister Lawrence Wong revealed that Singapore’s home curbs will likely stay for some time since demand in the market “remains very resilient”. Get to know the full story here.

Delivered by Finance Minister Heng Swee Keat on 20 February 2017, the Singapore 2017 Budget certainly is a forward-looking one that strives to inculcate prudence while supporting Singapore's citizens and businesses as holistically as it can amidst the current sluggish economy that is fraught with uncertainties. Click here to know that six changes that may affect your household.

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