Because of high quality of living in Singapore, it has recently been rated as the “most preferred” city by Asians. Cost of living too in terms of basic necessities like public transport, education, food, clothing etc is not much either. But not the same can be said about property. Rent rates of property in Singapore varies on several factors like location of the property, distance from the main hubs in the city, age of the property, availability of recreational activities in the premises etc
What is the average rent in Singapore?
Average rent in Singapore would again vary on the fact as how big the property is, its location, services provided etc. Also if it is privately owned or government funded property; these particular factors will make marked difference in defining the rent for a property in Singapore. Another important deciding factor of the rent of the property shall be how well furnished the accommodation is and in what condition the interiors are.
Which are the cheapest and expensive accommodation and rent?
If you are a student or are living alone on a tight budget you can opt for Government housing flats. It will cost you a recurrent rent of about 3000 Singapore Dollar or S$3000, if the property is in vicinity to the Central Business District of Singapore. While, if you choose a property on the outskirts you will be able to avail it for S$2500 approx. Another option is to live in room rentals or PG as we know it, in these Government housing flats, this can bring down your cost to as low as S$500, if you select a sub urban vicinity; or S$800 near the CBD areas.
But if you prefer privacy and luxury in an urban setting, be prepared to shell out nothing less than S$18000 to something like S$35000 for the high end ones!! You can avail a detached bungalow with big lawn, luxurious furnishings etc for this amount. But if you opt for semidetached houses you can save as much as S$10,000!
If you intend to stay for not-so long and are looking for “long stay hotel” kind of setting you can opt for Serviced Apartment. These set ups are fully furnished with recreational activities and equipped with hotel—style services too. You can look at paying an average rent of about S$8000 to S$15000 for such apartments.
“Google” is obviously the know all destination of searches. There are several portals online on which you can search and connect with people for accommodation on rent in Singapore from the given advertisements. Classified ads too are released stating the “To Let” options available.
If you do not have time to follow up individually with the house owners or brokers for rented property, you too can place a free ad online for the kind of apartment you are looking for and the budget you are looking at. But make sure you give the “territory” right, as rents majorly depend on the location of the property, and it is from there after-all that you got to commute.
If you are going for studies or work, you can connect with people from the organization online and ask them where they stay and how they commute, the time and money they spend in conveyance – this will give you a fair idea about the place to rent in Singapore. It will also help you take your decision right.
Disclaimer: The data provided here is based on the facts and research using available sources. As the data is made available on "as is" basis and subject to change anytime. This website shall not be liable for any discrepancy found in the data on our site and actual figures.