When Covid-19 first appeared, it was assumed that the rental market would be the first to take a hit. The fears haven’t panned out; in fact, rental rates in end-November were at around a six-year high, and seem to be recovering to the 2013 peak. The question now is whether it’s sustainable, or just an effect of more people needing their own space during Covid-19: What’s the rental situation in Singapore today? As of end-November 2021, the average rental rate for condos island-wide is $3.64 psf. This is down from an average of $4.07 psf, during the peak in 2013. The Outside of Central Region (OCR) has seen the best overall performance over the past five years. OCR rentals averaged $3.07 psf in end-November, and have almost fully recovered to 2013 peak rates ($3.19 psf). The Rest of Central Region (RCR) performed close to the overall average, while the Core Central Region (CCR) saw little improvement....