The data revealed that private rental homes in Singapore have a monthly value of USD 2,600 (SGD 3,449 approximately). Meanwhile, the Urban Land Institute (ULI) Asia Pacific Centre for Housing’s 2023 Home Attainability Index named Singapore as the most expensive Asia-Pacific city for private homes. The increase in the fourth quarter was around 10.3 per cent. According to the 2023 Wealth Report by Knight Frank - a leading independent real estate consultancy - global prime rents saw an increase of 10.2 per cent in the third quarter of 2022. In the ever-growing landscape of urban living, the scramble for rented properties often leads to spiralling prices. Wondering how much? Take a look at some of the most expensive cities in the world where renting is an extravagant affair. However, every good thing in life comes at a price. With a range of luxury amenities, cities like Singapore and San Francisco are much sought-after destinations to live in.
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