The COVID-19 pandemic has disrupted nearly all aspects of life. This is especially true for those dealing with property matters, as the Circuit Breaker represents a significant obstacle to the real estate industry. As we are in temporary lockdown mode, property viewings are halted and supporting businesses, such as property agencies, are also harder to engage. However, it is not impossible to fulfil rental needs at this time. This article aims to provide simple tips that can help landlords secure leasing contracts with ease and maximise their returns.
Increase in Residential Rental Market
Interestingly, despite the Circuit Breaker, there appears to be increased demand for rental properties. For example, the number of rented units increased by 10.8% for private apartments 10.8% and by 15.4% in the HDB sector, as compared to the previous month.
The increase in demand may have been driven by the...