Property Investment 101: Increasing monthly rental versus paying higher monthly rental
From an article I read where the link is provided just below, it tells me that it is not just the working professionals who may face rental increase when the demand is higher than the supply of homes. Even the wealthier ones are also affected by rental increase. Yes, the wealthier ones also rent and does not necessarily own the place. 🙂 Imagine the person these wealthy ones are renting from. Below is a chart showing that Singapore has beaten New York in terms of luxury property rental growth.