It is believed that more than 20 people stayed at the flat at one point, with two tenants paying between S$230 and S$250 monthly for a bed space.

The sport’s national body said the Games will be a litmus test of where Singapore stands on the continental stage, especially ahead of the Paris Olympics in 2024.

The framework for domestic systemically important insurers will come into effect on Jan 1, 2024. 

While larger firms are dealing with accommodation issues by building their own temporary quarters, some smaller players are struggling with finding new housing solutions.