CHART OF THE DAY: Singapore prime rents decline 4.8% YoY in Q2

It is one of the three markets that reported a decline.

Prime city residential rents in Singapore declined by 4.8% YoY and 0.1% QoQ in Q2 2024.

According to Knight Frank, Singapore is one of the three markets in the world that reported a YoY rental decline alongside Hong Kong and Toronot.

Knight Frank explained that rents in these markets "are under pressure due to relatively healthy new supply volumes."

Meanwhile, Singapore is also one of the two markets which reported a QoQ rental decline.

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Chart of the Day

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