Whether you are coming to Singapore for work or education or a local who wants to move out of their parents’ house without buying property, it is quite easy to rent a house here.
Which properties are you allowed to rent?
The main types of residential property you can rent are HDB flats, private condominiums and houses with land. HDB flats are considered government housing, thus there are more rules that you and / or your landlord can and cannot do. Most other types of housing are classified as private.
Rent eligibility and rules in Singapore
As long as you are legally allowed to live in Singapore, nothing happens by renting property here.
The main rules you need to be careful about are the minimum length of the leases. Private property rentals of less than 3 months and HDB rentals of less than 6 months are illegal. There are some people who cunningly rent condoms to tourists on AirBnB, but be aware that what they are doing is illegal.
For HDB tenants, there are also rules regarding your lease term. Singapore and Malaysian citizens can rent HDB flats for up to three years. Meanwhile, the maximum period for rental of HDB flats by non-Malaysian foreigners is two years. Of course, once your lease expires, it can be extended if both you and your landlord can come to an agreement.
What can you expect to pay per month for a rental property?
Apart from the type and size of the property, rent varies dramatically by location. Private property is generally significantly more expensive than HDB property of the same type and size, but it also comes with 24-hour security and amenities such as a swimming pool or gym.
Property is quite expensive to rent in districts in the CBD and the city fringe. For example, a studio apartment in the Orchard area can easily cost $ 5,000 per month.
If you are on a budget, you are better off looking for property in suburban locations, with areas as far away from the low-cost city fringe as a general rule. For example, you can rent a shared HDB flat in Yishun for about $ 700.
Searching for a property on rent is easy. Browse Rental listings on PropertyGuru, Using filters to narrow down your search by budget, location, and project type.
Not sure where you want to live? Check it out AreaInsider For more information about Singapore’s various residential areas, write-up on the area of your choice.
For a start, the east coast is one of the most popular areas for renters in Singapore.
Find an agent
Attaching an estate agent to assist you in your search for rental property can save you a lot of trouble.
The agent can compile a list of assets that meet your needs, if you are not already down, and then set up an appointment for you. Many agents will escort you personally to these appointments in their vehicle.
Before renting a property you must think to buy a new residence. Florence residence is really good to live and have lot of luxury things in budget.
It is a good idea to see as many properties as you can over the course of a few days, if possible, bring a family member or friend for a second opinion.
In addition to your own property and facilities, you will also want to pay attention to transportation options in the surrounding area and how long it will take you to go to work or elsewhere.
Once you find the place of your choice, it is time to come to an agreement with the landlord as to your rent. Many landlords are expected to negotiate with tenants to negotiate and indicate higher rents than they are prepared to do.
You should confirm before the time that is not included in the fare. Ask if your electricity bills, water bills, internet bills, phone lines and cleaning services are included in the rent. You also want to clarify who is responsible for paying for the maintenance or repair of property such as servicing air conditioning units.
Also check if your landlord has any rules before committing, especially if you are living with him or not. Some landlords do not allow their tenants to cook or use the living room when they live in the same property. Once you are sure what you are getting, you will be in a better position to negotiate your rent.
Sign a tenancy agreement
Once you and the landlord agree on a price, it is time to sign the tenancy agreement, usually prepared by the landlord. Make sure that you go through the entire contract and make sure that you are okay with it and it accurately reflects what the landlord has promised you.
If there are any points in relation to you, it is better to get the landlord to include them in the contract.
Pay security deposit
As stipulated in the contract, you must pay a security deposit before transferring, or the landlord is not satisfied with the condition of the property when you move out or if there is a repair to pay for. the wanted.
A typical security deposit for a one-year contract is a one-month rent.
Take a photo and make a list of faults
Before you proceed, inspect the property thoroughly and take photographs of any defects that you may find. You should do this so that the landlord does not stop your security deposit later by claiming that you caused those defects. To be safe, email your landlord with a list of faults that come with photos and details.
Step into your new home
Now that the lease has been signed and your deposit has been paid, it is time to move into your new home!