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  16. <description>ProTips4Life shares insights on investments, gaming, finance, hobbies, and travel to empower you with practical wisdom for a fulfilling life.</description>
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  24. <title>Rent home in Singapore </title>
  25. <link>https://jamdigitalsholat.com/singapore-rent-home/</link>
  26. <dc:creator><![CDATA[aratfamy]]></dc:creator>
  27. <pubDate>Fri, 01 Mar 2024 11:31:00 +0000</pubDate>
  28. <category><![CDATA[Uncategorized]]></category>
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  31. <description><![CDATA[<p>Overview of Housing Market As is known, the cost of living in Singapore ranks among the highest in the Asia-Pacific [&#8230;]</p>
  32. <p>The post <a href="https://jamdigitalsholat.com/singapore-rent-home/">Rent home in Singapore </a> appeared first on <a href="https://jamdigitalsholat.com">ProTips4Life</a>.</p>
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  35. <figure class="wp-block-image aligncenter size-full"><img fetchpriority="high" decoding="async" width="600" height="400" src="https://i0.wp.com/jamdigitalsholat.com/wp-content/uploads/2024/03/Rent_home_in_Singapore_600.jpg?resize=600%2C400&#038;ssl=1" alt="" class="wp-image-22" srcset="https://i0.wp.com/jamdigitalsholat.com/wp-content/uploads/2024/03/Rent_home_in_Singapore_600.jpg?w=600&amp;ssl=1 600w, https://i0.wp.com/jamdigitalsholat.com/wp-content/uploads/2024/03/Rent_home_in_Singapore_600.jpg?resize=300%2C200&amp;ssl=1 300w" sizes="(max-width: 600px) 100vw, 600px" data-recalc-dims="1" /></figure>
  36.  
  37.  
  38.  
  39. <h2 class="wp-block-heading">Overview of Housing Market</h2>
  40.  
  41.  
  42.  
  43. <p class="">As is known, the cost of living in Singapore ranks among the highest in the Asia-Pacific region. Recently, housing prices in Singapore have surpassed those in Hong Kong, claiming the top spot in the region. The average price of a house stands at around 42 million baht, while the average rent is 91,000 baht per month.</p>
  44.  
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  46.  
  47. <h2 class="wp-block-heading">Rent home in Singapore Trends in Housing Prices</h2>
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  51. <p class="">Data from the Urban Land Institute (ULI) Asia Pacific Centre for Housing, collected from 45 cities in 9 markets across the Asia-Pacific region, shows that the average price of private homes in Singapore in the past year was $1.2 million (around 42 million baht), representing an increase of approximately +8% compared to the previous champion, Hong Kong, which averaged $1.16 million</p>
  52.  
  53.  
  54.  
  55. <p class="">While Hong Kong has traditionally had the highest housing prices in the region, they have significantly dropped in the past year due to increased mortgage rates and population outflows, along with negative perceptions of the real estate market in Hong Kong. This resulted in an 8.7% decrease in housing prices in 2021, from $1.27 million to $1.16 million in 2022, with prices hitting a five-year low in October 2022.</p>
  56.  
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  59. <p class="">However, a supplementary report indicates that when compared in terms of price per square meter, Hong Kong&#8217;s private homes remain the most expensive, with an average price of $19,768 per square meter <a href="https://moregifticon.com">정보이용료현금화</a></p>
  60.  
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  62.  
  63. <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="600" height="400" src="https://i0.wp.com/jamdigitalsholat.com/wp-content/uploads/2024/03/Rent_home_in_Singapore600swim.jpg?resize=600%2C400&#038;ssl=1" alt="" class="wp-image-23" srcset="https://i0.wp.com/jamdigitalsholat.com/wp-content/uploads/2024/03/Rent_home_in_Singapore600swim.jpg?w=600&amp;ssl=1 600w, https://i0.wp.com/jamdigitalsholat.com/wp-content/uploads/2024/03/Rent_home_in_Singapore600swim.jpg?resize=300%2C200&amp;ssl=1 300w" sizes="(max-width: 600px) 100vw, 600px" data-recalc-dims="1" /></figure>
  64.  
  65.  
  66.  
  67. <h2 class="wp-block-heading">Rent home in Singapore Rental Market</h2>
  68.  
  69.  
  70.  
  71. <p class="">Similarly, rental prices for homes in Singapore are also the highest in the region, averaging $2,600 per month, increasing by nearly +30% in 2022. This rise is attributed to various factors, including an increase in relocations, construction delays, and younger generations moving out of family homes for more space and independence.</p>
  72.  
  73.  
  74.  
  75. <h2 class="wp-block-heading">Homeownership Rate and Government Policies</h2>
  76.  
  77.  
  78.  
  79. <p class="">Despite Singapore&#8217;s private homes being the most expensive in the region, the homeownership rate among Singaporeans is as high as 89.3%, partly due to government policies dating back to 1960 aimed at providing affordable housing. Presently, the Singaporean government is attempting to address the issue of high housing prices, such as by doubling the property tax rate for foreign homebuyers to 2 or 60%.</p>
  80.  
  81.  
  82.  
  83. <p class="">Nevertheless, housing accounts for only about 20% of all types of residences in Singapore, with the majority being apartments. The average price of apartments increased to over $409,000 last year, up by +7.9% from the previous year, and averaging about 4.7 times higher than the average household income <a href="http://moregifticon.com">소액결제현금화</a></p>
  84.  
  85.  
  86.  
  87. <p class="">government is attempting to address the issue of high housing prices, such as by doubling the property tax rate for foreign homebuyers to 2 or 60%.</p>
  88.  
  89.  
  90.  
  91. <p class="">Nevertheless, housing accounts for only about 20% of all types of residences in Singapore, with the majority being apartments. The average price of apartments increased to over $409,000 last year, up by +7.9% from the previous year, and averaging about 4.7 times higher than the average household income.</p>
  92. <p>The post <a href="https://jamdigitalsholat.com/singapore-rent-home/">Rent home in Singapore </a> appeared first on <a href="https://jamdigitalsholat.com">ProTips4Life</a>.</p>
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