Llanos said the city is not "attributing [the jump] to a specific reason" but added the soaring rents and restricted housing stock have created a housing crisis.
But chipmakers are unlikely to be able to extract a disproportionate rent or restrict supply or even to try.
In addition, he said, the rent laws restrict removing a regulated tenant's name from a lease without a determination by a court or the state's Division of Housing and Community Renewal.
Rent control restricts the housing supply, leading to higher prices overall, Trickler said.
The prime minister said: "Labour's policies on rents would restrict access to housing, on trains put up fares and increase overcrowding, and on national insurance increase taxes for hardworking people.
More tangibly, others pointed to repealing the state's rent-control restricting Costa-Hawkins Act, allowing the conversion of garages to housing units and financing additions on existing houses made available at below-market rates.
"Those people who want to rent are going to figure out ways to rent, and us restricting them from renting isn't going to turn it into a purchase".
Most internationals moving to Singapore rent, since foreigners are restricted from purchasing property unless they are permanent residents (although there are no restrictions on buying condos).
Properties for rent and sale were restricted on the basis of race, with the primary intent of keeping the Near North Side "black" and the rest of the city "white".
But most cities are constrained by the state laws that prohibit or greatly restrict rent regulation.
It imposed controls on agricultural prices, controlled rent, ran the internal trade, restricted foreign travel and the use of foreign exchange, and appointed and supervised the boards of directors of corporations.
