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SINGAPORE: A survey has proven that the rise in rental charges in Singapore is ready to be a serious concern within the subsequent basic election, as a consequence of be held no later than Nov 23, 2025.
A ballot performed by YouGov Plc reveals that about one-third of the adults who took half in it stated that prime rental charges would have an effect on their voting alternative. The survey comprised 1,029 individuals in Singapore and was performed between July 3 and 5.
In Might, indications that prime property costs had been changing into a political subject surfaced when Deputy Prime Minister Lawrence Wong, who has been handpicked to succeed Prime Minister Lee Hsien Loong when he steps down, stated that “in Singapore, the Prime Minister must be an actual property agent, so I’m studying and brushing up my expertise.”
Housing affordability has grow to be an essential subject in Singapore, one mentioned at size in Parliament final January.
With the city-state’s property market skyrocketing previously couple of years as a consequence of a scarcity of housing provide, the federal government has launched cooling measures.
The curbs are starting to indicate some optimistic results, and rental costs could lastly lower by the top of this 12 months, together with an elevated housing provide.
Nonetheless, a Bloomberg piece identified that over half of the survey’s contributors (52 per cent) indicated that they need the federal government to supply extra assist relying on individuals’s incomes and regulate rental charges.
About half stated that folks shopping for houses for the primary time want extra help, and practically a 3rd of respondents (32 per cent) stated that expats needs to be given non permanent rental reduction.
Bloomberg additionally identified that the youthful respondents to the survey expressed probably the most concern over elevated rental charges.
Thirty per cent of all survey contributors indicated that lease points will most likely not have an effect on their vote a lot.
Nonetheless, among the many respondents aged 18 to 24, solely 18 per cent expressed this sentiment, 45 per cent on this demographic stated excessive rental charges would very or considerably seemingly have an effect on their alternative of whom to vote for, and 17 per cent expressed that they’re impartial within the matter. /TISG
Lawrence Wong: In Singapore, the Prime Minister must be an actual property agent, so I’m studying and brushing up my expertise
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