S'pore 3BR Rental 9th Highest Globally

According to an annual survey by ECA Int'l, S'pore is the 9th most expensive place to rent a 3-bedroom apartment among the 92 surveyed locations worldwide.

Rents has increased by 33% last yr. The average rental of a unit at Orchard Road was US$4,460/mth, compared to US$3,364/mth in 2006. But this was still far below Hong Kong, which is in 1st position, where rental was about US$9,700.

The world's cheapest place to rent is in Karachi, Pakistan.

(1) Hong Kong
(2) Moscow
(3) New York
(4) Tokyo
(5) London
(6) Mumbai
(7) Seoul
(8) Caracas, Venezuela
(9) S'pore
(10) Ho Chi Minh

* ECA-WorldRental *