Overview |
Seoul | Singapore |
What is happening with rental stock? |
Very tight |
Very tight |
How is demand? |
High and rising |
High and rising |
What is the new trend in payment systems? |
The monthly rent payment method preferred by expatriates is becoming less and less common and landlords may require full payment of the lease up front in addition to a deposit or may only be willing to consider local payment methods |
Renters should expect to pay a commission to tenant agents at all price points as landlord agents have the upper hand |
Is there new stock outside of desired/ expatriate neighborhoods? |
Expatriates have a difficult time finding properties in the local market that offer a preferred payment system |
West Singapore, which typically features more local housing, is gaining popularity |
What are the apartment and house rent inflation rates (from 2019, before the pandemic)? |
>20% |
>20% |
What does this mean for your assignees in these locations or starting an assignment in these locations?
Please contact AIRINC! We can help!