How to find an Affordable Rented Home in Singapore – 2020
Singaporeby Priyadarshini 22 September 2020
Excited about moving to Singapore? The island nation offers a high standard of living and an opportunity for you to explore South-east Asia. However, Singapore is deemed as one of the most expensive cities in the world to live in. The cost of living in the city is high and accommodation here has a wide range of variety. When you move to a new country, the first and most important factor is to find a home. Your home will decide the rest of the factors in your day-to-day life like your lifestyle, your monthly budget, how long it takes for you to commute to work among many other things.
If you are new to the Lion city and looking to find an affordable rented home in Singapore, here are few pointers that can help you.
Some important factors which can help you decide:
Rent: Rent is the most important thing while choosing your home. Where you choose to stay will completely depend on your budget. Of course, everyone wants to live in the hustle & bustle of the city, but to rent in the main city area won’t be affordable always. You will have to look for an area that allows you both affordability and convenience.
Commute: If you don’t have a personal car, you will have to rely on the public transport network. It may seem like a good idea to pay more and live in the city, but everything will depend on the budget you have. You have to choose wisely what would be convenient for you.
Workplace: You can choose an area that is close to your work location so that commuting to work every day does not become a pain point.
Schools: For those with children, a home near International schools can be an important deciding factor. Everyday commute to school is unavoidable and the convenience of commute will play a major role in your daily life.
Amenities: Localities that have easy access to the gym, swimming pool, supermarkets, libraries, shopping malls, etc. will make your regular life easy. So, consider these factors while renting a home.
How much will it cost?
The cost of renting accommodation will purely depend on what you wish to rent. There are many options to choose from.
Shared HDB flat – This offers a room for rent in an HDB flat, in a public housing society. This means you will be living in along with your landlord. It is one of the cheapest options but not preferable always.
Shared space in a condominium or house – This is one of the popular options to share an apartment in a condominium with other tenants. Condominiums usually come with several amenities like gyms, tennis courts, swimming pools, 24-hour security services, etc.
HDB Flat – For those with families would require an entire flat. HDB flats are the cheapest option that offers you to live in a space with your family completely to yourself.
Condominium/ house – These are shoebox-sized studios and cheap housing arrangements for you to live in Singapore with your family. Although space here may be smaller than other houses, it is a better choice than to share your living space with others.
The rental cost will vary depending on the kind of housing you choose. Other factors like furnished property, space, localities popular with expats, etc. will decide the money you need to shell out. To find an affordable rented home you will need you to do some in-depth research before you begin.
Have you ever lived in Singapore? If you want to save yourself the hassle of extensive research for finding an affordable rental property, get in touch with us to find your next home.