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There was a period where rents were so low that landlords couldn’t even cover their mortgage and management fees with the rentals collected due to the weak market sentiments. All that time, landlords had to top up (the difference) from their own pockets… So now when landlords have a chance to earn, of course must earn lah. They don't know when this increase will last. If you are a mid-level expat and cannot stay in the central district, just move to the heartland where rents are still affordable. The key is that (their) spouses cannot work to mitigate the rise, as compared to Singaporeans who are mostly double income earners… With high interest rates and other costs, owners have to adjust (rentals) up, but not at 75-100 per cent, that is just too much; 40-50 per cent is more reasonable. The media doesn’t talk about the falling rents and stagnating yields of rental properties from 2015 to 2021… Landlords are often people who saved and scrimped to buy an investment property to better improve their income and retirement prospects, and these investments are not without risks. Interest has soared in the past 12 months. People seem to be okay with capitalism until it hurts their pockets… let's accept it is a cyclical thing. As more supply reaches the market, rentals will fall. It might be a cyclical thing, but landlords have gotten greedy with the influx of expats from Hong Kong etcetra who are used to and prepared to pay huge rental costs. I've had friends who have had a 150 per cent increase on their monthly rental, which is insane. The general Singaporean perception that expats are on a free ride could not be further from the truth — most get no housing assistance and simply can't sustain an increase (of) that sort. There is cheaper accommodation available in the heartlands that can fit their budget. But if they are only looking at renting properties in districts 9, 10 and 11, they will definitely feel the pinch. There are always Housing and Development Board (HDB) flats which are located in very well-planned and well-maintained towns. Such sentiments are quite shortsighted. Recent rental increases are no doubt steep but will course correct in due time. In any case, rentals here are still lower than Hong Kong or Tokyo for the size of the houses. People can always move out from expensive districts to city fringes. Nothing wrong with HDB flats too. It really is a chicken and egg issue. If no foreign multinational company wishes to set up in Singapore, we are the ones who will lose out eventually because there won’t be enough jobs… at the end of the day, everyone suffers. Expats leaving is not necessarily a good thing for Singaporeans. First, without expats to rent these apartments, landlords will eventually suffer and are left to fend for themselves in a high interest rate environment. Secondly, fewer expats also mean less money being spent in the economy… and this would definitely have an impact on local businesses. Lastly, a massive brain drain of talent may result in many companies deciding to shift offices abroad to other cheaper places… this will result in massive layoffs. Singapore depends very much on our talents (be it local or foreign) to attract big international companies setting up here. When talents start to leave for somewhere, the big companies start to leave too to where all these talents are going. And what will happen to the locals and their jobs? Hopefully more doors (will) open to locals to fill up the vacancies. It will cost less to hire locals without the need for big pay packages that include accommodation and transportation.