Singapore’s Soaring Rents Narrow the Gap With Pricey Hong Kong

(Bloomberg) — Singapore is catching up with Hong Kong’s rental market as the city’s prices are expected to soar on limited supply, while Hong Kong grapples with dwindling appetite from population outflows.

That’s the view of analysts, who say many factors impacting prices in the two cities remain intact. Singapore rents could rise another 10-15% in 2023, while those in Hong Kong may only post a 5% increase, according to Bloomberg Intelligence estimates.