At US$4,200, Singapore rents are among top 10 most expensive for expats in Asia – but still peanuts compared to Hong Kong’s US$11,000
Despite a fall of US$500 (S$678) in average monthly rental prices, rents paid by expatriates in Singapore are still among the top 10 highest in Asia, a study by ECA International has shown.
According to the expatriate management and human resource consultancy, the average rental price of an unfurnished, mid-market, 3-bedroom apartment in areas commonly inhabited by international executives in Singapore was US$4,215 a month in September 2018.
This is a drop of 1.3% compared to the previous year, and US$500 lower than in 2016.
“Reductions in the population of non-residents in Singapore, a key driver of rental demand, has led to continued drops in rental prices for expatriates,” said Lee Quane, regional director – Asia at ECA International.
Read More: Business Insider Singapore
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