The Ultimate Guide For Renting a Place In Singapore Part 7 of 9

Table of Contents
Part 1 of 9, Singapore, The Place

Part 2 of 9, Public Housing Of Singapore, HDB

Part 3 of 9, The Selection Process and Residential Localities

Part 4 of 9, The HDB Township

Part 5 of 9, Localities Preferred by Expatriates

Part 6 of 9, The Districts of Singapore

Part 7 of 9, Rental Levels and Prerequisites For Rental

Part 8 of 9, Procedures For Renting Accomodation

Part 9 of 9, The Process of Engaging a Realtor

Part 7 of 9, Rental Levels and Prerequisites For Rental

There is a huge demand for rented accommodation since everyone does not own their homes. By and large most Singaporeans work towards purchasing a flat of their own, and if they stay in rented accommodation, it could be either while they are looking for a place to buy or the rent is being paid by employers. Expatriates end up living in rented apartments for years unless they have decided to settle in Singapore and never go back to their country.

The rental rates vary from district to district, and there is a difference in the rent charged for an HDB flat and a condominium. Condominiums offer more facilities better design and construction and being privately owned, are more expensive in every way. Rents are one way of recovering what an owner has spent on buying a unit in a condo.

Private properties come at steep rental rates with a bungalow in localities like Bukit Timah or Holland Road could come for a rental of $20,000 to $60,000, while an apartment could be in the $5000-10000 range depending on the size and the condo it is in.

The following is the list of the asking rent in some of the condominiums:

01 861 2 $4800/$4-$6
02 1000 2 $5,000/$4-$6
03 1033 2+1 $5,500/#3.20-$5.50
04 1216 3+1 $7,000/$3.80-$5.80
05 1238 2+1 $3,500/$2.50-$4.50
06 1119 2 $4,000/$3-$12
07 1250 2 $4,200/$3-$4.50
08 570 1 $4,000/$4-$6.50
09 1516 3+1 $7,000/$3-$15
10 2660 4+1 $9,500/$4-$7
11 3154 5+1 $1,100/$4-$7
12 883 2+1 $2,800/$3-$9
13 1378 4 $4,500/$2.50-$5
14 1011 3 $3,300/$3-$5
15 2239 4+1 $5,000/$3-$6
17 1300 3+2 $2,700/$2-$4
18 1464 4+2 $3,700/$3-$5
19 1300 3+1 $3,500/$3-$5
20 1561 4+1 $5,200/$3-$5
21 1475 3+1 $3,500/$2-$5
22 1119 3+1 $4,000/$3-$5
23 1259 3+1 $3,000/$2-$4
25 1173 2+1 $3,000/$2-$5
26 1300 3+1 $2,700/$2-$3
27 1604 3 $4,000/$2-$4
28 2700 4+1 $5,500/$2-$3.50

An attractive offer worth mentioning but few know about, is the scheme started by the Singapore government. The government always encourages well-qualified foreigners to live and work in Singapore and offers them flats directly at rents lower than those, which an owner may charge. The SHiFT option for expats is a novel scheme run by the Jurong Town Corporation. This Scheme for Housing Of Foreign talent is cheaper by another $200 or so for apartments that are provided unfurnished, or extra charges are made for furnishings. These are provided subject to fulfillment of a few conditions for a period of two years.

A Word Of Caution While Renting Private Accommodation

1.Apartments in condominiums or low-rise buildings are meant for long-term stays extending up to a few months at least. The law stipulates that such apartments are unlike hotels and service apartments and cannot be rented out or leased on a daily, weekly or monthly basis. The minimum period a person has to stay is at least six months.

2.Regulations also require that some basic living conditions are provided for residents and therefore each occupant of the apartment must occupy a minimum of 10 square meters of the residential floor area, and more than eight occupants per unit are not permitted to stay. This ensures that everyone has access to decent living conditions. The rule applies to owners as well staying on the premises.

3.Illegally repartitioned property must be avoided or else the tenant may also get into trouble. Every residential unit in Singapore has to provide at least a kitchen, toilet, living and dining areas in every unit. Rooms without these utility areas imply that they have been illegally repartitioned and must be avoided to safeguard interests.

Read Next : Procedures For Renting Accomodation

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