Singapore is known as the "best place to live in Asia." So if you're deciding to rent a place in Singapore, you're making the right choice. Expatriates have continuously placed Singapore at the top of their list when it comes to living there. Singapore is a city-state that is economically outstanding and safe to reside in. Before you start renting, read on through this article for some tips.
There are many types of places to rent in Singapore. Expatriates may rent all the various classes of residential premises, which range from private condominiums to bungalow houses. Keep in mind that rental costs differ in relation to type of premises, locality, furnishing, facilities and size. Accommodation in Singapore is typically rented out on an initial 1 or 2 year lease. Anywhere between 1 to 3 months' rent is often required as a security deposit. Rental costs could be anywhere between $800 and $30,000.
If you are fine spending around $3,000 a month for rental, you can live in an apartment of around 1,300 to 3,000 sq ft. For a bit over twice the price, you can get a sophisticated apartment that already comes with awesome facilities like a gym, tennis court and swimming pool. For even more space, room and a nice garden to go, a bungalow will cost anywhere between $18,000 and $30,000. Popular residential areas lie in Orchard Road area, around Tanglin Road, Holland Road, Bukit Timah and River Valley. Outside the prime district, a rental would cost half the price you'd pay for a rental in a prime district.
Housing in Singapore is pretty impressive. Because homes
are put up by the Housing and Development Board and sold to residents, they are often in much better condition compared to Western public housing. Housing in Singapore are often well sought after because they are generally very affordable and are often have public transport and shops nearby. They have very good locations in that dining places, shops, subway lines and bus stops were situated to specifically benefit these homes. Now before going for an HDB flat, there are some things you might want to know about first. You shouldn't expect HDB flats to have all the facilities you want, as these are the more affordable rental spaces. However, these flats often do have all the basics you need, such as air-conditioning and laundry space. If you're on a budget, HDB flats are a good choice.
There are many other types of rentals to choose from. The question is, which one should you go with? There are just a number of things to consider first, and it would be wise to make simple decision criteria for yourself. List down all the possible locations you actually want to live in. Consider schools, office locations, transportation, shopping centers, leisure areas, hospitals, restaurants, airport, and even your friends' homes. As you can see it all boils down to personal choice. You may want to live near the shopping center or near public transport if you choose not to drive.
Once you've figured out exactly what type of location you want, you can then start brainstorming on the type of living space you'd like to reside in. Consider the number of people who are planning to stay in the same space. So in this case, ask yourself if you absolutely need a large 3-bedroom apartment or not, for instance. Also consider what facilities you need and actually don't need, so that you can save more. When you've decided on the type of place you'll be renting, it's time to browse and make a list of your top housing estates. It's always better to visit each and take a look. Don't hesitate to ask the landlord some questions. Make sure you do your research-for instance, if you're looking into an HDB flat, your landlord needs approval from HDB. Renting a flat illegally may mean you will not be able to relay your complaint to HDB if something goes wrong with your rental, so it's better safe than sorry. All you need to do is to obtain a copy of an approval letter when you are visiting and inspecting a unit.
For more rental Information on residential & commercial property in singapore please visit http://www.rentinsingapore.com
By James Gunaseelan
James gunaseelan advises consumers of rentinsingapore.com regarding tips. This portal lists rental properties like HDB flats, whole flats, landed property, office space, private condos etc.
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