Singapore pushed New York off the top spot for the strongest growth in residential rents in the last quarter of 2022, fueled by a supply crunch and strong demand.
The city-state saw annual rents jump 28% in the quarter from a year earlier, according to a report by Knight Frank. New York followed with 19% growth, while London and Toronto took the third and fourth spots, according to the survey of prime residential rents across 10 cities.
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