Due to the number of en bloc sales, more houses are to be demolished to make way for new housing. This inevitably leads to a lower supply of rental units and a surge in rental prices. Even if the supply manages to fill back the demand in years to come, Singapore’s growing population, as well as the expanding transformation in the tech industry that sees a significant increase in the labor pool, the shortage in the pipeline will still be an issue.
Being one of the popular choices for rental among expatriates, the future rental demand in District 9 will have a positive effect.
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