Leasing volume decline while rental prices increased when comparing month-on-month and year-on-year. This is mainly because the reduction in supply far outweighs the decline in demand. With the current coronavirus situation, ERA Realty head of research and consultant expects a temporal softening of the rental market, though a rebound is expected when the situation stablises or improves. Singapore is expected to remain a top destination for investment in the long term.
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