Singapore will allow more tenants to occupy a single property under a temporary two-year measure to meet higher rental demand in the financial hub.
Starting next year, larger public and private residential properties will be allowed to house up to eight unrelated persons from the current cap of six, Minister for National Development Desmond Lee said in a Facebook post on Wednesday.
Rents in the city-state have surged since the pandemic, largely due to strong demand amid Covid-19 construction delays, Lee said. The government has committed to ramp up housing supply, with close to 100,000 homes expected to be completed by 2025.
