Guide and Tips for Renting a Flat in Singapore

Whether you are currently living in Singapore or deciding to move there, it can often make more sense to rent property. These steps can help you navigate the real estate market in Singapore whether you want to rent a condominium or a landed property. Figure out Your Budget Every location and rental type has a price range, so you must decide where your income will place you within that range of prices. For example, subletting an HDB rental flat will be less expensive than renting a terrace house. Budget Based on Location and Property Type Landed Property A house on landed property will cost more than any other type of location. There are terrace houses that can share a common wall with the houses next door on either side. The only time a terrace house will not share a common wall is if it’s at the end of a row. There are also semi-detached homes with one common-wall neighbor, or detached houses that do not share any walls with neighbors. These houses can cost between $10,000 and $30,000 each month in rental fees. High Rise HDB flats are apartments that are rented from the Housing Development Board. The apartment owner is allowed to rent one bedroom to tenants if the flat has more than three bedrooms. The entire flat can cost a tenant approximately $3,000 per month in rent, but renting a bedroom might cost only $1,000 a month in rental fees. Service Apartments These apartments often have facilities on-site like gyms, business centers and cafes. They are normally centered around business-minded individuals who need these services. A one bedroom can...