The Singapore residential rentals have increased to a historical height, bringing inconveniences to many tenants, while the office rentals are still rising as well.
  
During the SGC Dialogue session Nicholas Mak shared with our SGC members the private and commercial residential property price and rental trends and how they were affected by events in the past few years. 
  
Before Covid-19 hit, the rental prices have been fairly stable for 10 years. The current hike was brought about by a confluence of different factors, including an influx of expats from other countries,
more demand for space by people working from home and a severe delay in construction during the pandemic.

According to Nicholas Mak, there will be some relief on the horizon, though, since the rise of residential rents will most likely reach its peak this year and supply will better meet demand after finalisation of a large number of housing projects in 2023 and 2024. 
   
Thank you for sharing your expertise and valuable insights and responding to our SGC members' questions during an engaging Q&A session!