The Metropolis Where Rents Rise 60%, 75%, Even 100%

Increases in Singapore surpass those in New York and London; ‘every time we’d counter, he’d just keep going up and up’

Soaring residential rents are weighing on Singapore’s bid to overtake Hong Kong as Asia’s premier financial hub. Photo: how hwee young/Shutterstock

SINGAPORE—In February, five months before the lease was up on her Singapore condo, Sally Shoult asked her real-estate agent to delicately sound out the landlord about renewing. Then she braced for impact. 

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