Expat rental rates are cheaper by $677 in 2019: ECA International | Singapore Business Review
Rental prices for Singapore expats in 2019 continued to dwindle down as rates are cheaper by $677 a month compared to prices in 2016, a study by research firm ECA International found.
The firm noted that Singapore rental rates for an unfurnished, mid-market, three bedroom apartment in areas preferred by international executives slipped 1.3% YoY to an average of $5,706 a month. This puts Singapore in the ninth spot of the most expensive locations for expat rents in Asia, following Mumbai, India where rents go around $5,877 on average.
Quane added that expat rental rates in Singapore could continue to go down as the availability of properties might continue to increase with little anticipated rise in demand amidst the recent announcement thatSingapore expats burdened with lower packages and higher cost of living Across Asia, Hong Kong has the priciest rental rates for expats as average rents per month have hit $14,793 . This is followed by Tokyo with average monthly rates of $11,732 and Shanghai, with average monthly rates of $7,180 .
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