{"id":3018,"date":"2022-01-27T14:55:37","date_gmt":"2022-01-27T06:55:37","guid":{"rendered":"https:\/\/www.pacificprime.sg\/blog\/?p=3018"},"modified":"2022-01-27T14:55:37","modified_gmt":"2022-01-27T06:55:37","slug":"the-complete-guide-to-renting-in-singapore","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/the-complete-guide-to-renting-in-singapore\/","title":{"rendered":"The complete guide to renting in Singapore"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you\u2019re looking to rent in Singapore, you certainly won\u2019t be disappointed. Whether you\u2019re aiming for a city center flat or a house in a residential area, there are a number of options to choose from in the city-state so you\u2019re bound to find something that suits your budget and lifestyle. But like <\/span><a href=\"https:\/\/www.pacificprime.sg\/blog\/moving-to-singapore-visa-housing-and-living-costs-explained\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">all things in the Lion City<\/span><\/a><span style=\"font-weight: 400;\">, renting a place is not cheap either. In this <\/span><a href=\"https:\/\/www.pacificprime.sg\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pacific Prime Singapore<\/span><\/a><span style=\"font-weight: 400;\"> article, we\u2019ll walk you through everything you need to know in order to rent like a pro.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><div class='code-block code-block-1' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.sg\/plans\/individual-health-insurance\/?campSource=PPSG-Blog&utm_source=blog&utm_medium=content_banner&utm_campaign=banner&utm_content=single\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-774\" src=\"https:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2022\/12\/WP-Banner-revamp-final-20221207_1.-Single-final.jpg\" alt=\"Individual health insurance blog\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 1: Decide whether or not you\u2019ll use a housing agent\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A housing agent helps you source for places to rent and arranges for you to view them. As they usually have cars and can chauffeur you around, you\u2019ll also get to view a lot more places in a day. While you don\u2019t strictly need an agent, you should consider getting one if you\u2019re strapped for time and\/or if you\u2019d rather avoid the hassle of doing the legwork yourself.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The catch is that you might have to pay agents\u2019 fees. One thing you should bear in mind is that agents can collect fees from <\/span><strong>either<\/strong><span style=\"font-weight: 400;\"> the landlord or the renter (usually half a month to a month\u2019s rent). Sometimes it\u2019s worth going for an agent that collects fees from renters as they\u2019ll show you all available properties and not just those of the landlords they work with.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 2: Do your own research on the local housing market\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Whether or not you\u2019re going with a housing agent, it\u2019s also worth doing your own research to make sure you don\u2019t get ripped off. Check out online portals like <\/span><a href=\"https:\/\/www.99.co\/singapore\/rent\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">99.co<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.propertyguru.com.sg\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PropertyGuru<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.srx.com.sg\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SRX Property<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/www.singaporeexpats.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Singapore Expats Forums<\/span><\/a><span style=\"font-weight: 400;\"> to get an idea of asking prices. That being said, you should be prepared to bargain down as most of the quotations on these sites are inflated.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Areas that are popular with expats:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re wondering \u2018where to live in Singapore\u2019, you\u2019ll be pleasantly surprised at the options you have in this tiny nation. When deciding on an area, remember to consider <\/span><a href=\"https:\/\/www.pacificprime.sg\/blog\/how-to-manage-your-expenses-in-singapore\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">your budget<\/span><\/a><span style=\"font-weight: 400;\">, the location of your workplace and\/or your kids\u2019 school, transport links, and nearby amenities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another thing many expats consider when deciding on an area is Singapore demographics. It\u2019s only natural to want to be near other expat communities, in which case it\u2019s best to be in <\/span><a href=\"https:\/\/www.pacificprime.sg\/blog\/an-expats-guide-to-living-in-singapore-best-areas-to-live\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">expat hotspots<\/span><\/a><span style=\"font-weight: 400;\"> including Holland Village, Tiong Bahru, Woodlands, etc.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Cost of renting properties:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Like most places in the world, Singapore rent prices can vary considerably. Here are a few different examples of <\/span><a href=\"https:\/\/www.numbeo.com\/cost-of-living\/country_result.jsp?country=Singapore#:~:text=00-,Rent%20Per,Month,-Edit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">rental costs in Singapore<\/span><\/a><span style=\"font-weight: 400;\"> per month based on the size and location of the property to give you an idea:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">1 bedroom apartment in the city center: SGD $2,000-SGD $4,000<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">1 bedroom apartment outside of the city center: SGD $1,200-SGD $2,700<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">3 bedroom apartment in the city center: SGD $4,000-SGD $8,000<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">3 bedroom apartment outside of the city center: SGD $2,400-SGD $5,000<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As you may have gathered so far, there are many factors influencing rent prices. It\u2019s best to get your head around these so that you can be prepared to fork out more if any of the factors are non-negotiable:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Location<\/strong><span style=\"font-weight: 400;\">: The closer you are to the city center, the higher your rent prices will be, as renters want to be closer to the action.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Proximity to business and\/or entertainment hubs within suburbs:<\/strong><span style=\"font-weight: 400;\"> Similarly, the closer you are to business and\/or entertainment hubs within a suburb, the higher your rent prices will be.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Transport links<\/strong><span style=\"font-weight: 400;\">: The closer you are to an MRT station, the higher your rent prices will be, as the majority of renters don\u2019t own cars.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Maturity of the estate<\/strong><span style=\"font-weight: 400;\">: The older and more established the area is, the higher your rent prices will be, as these are usually closer to the city, have better amenities, aren\u2019t a continual constriction site, and generally boast bigger units.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Step 3: Viewing properties and making an offer<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you finally view a house that feels right, it\u2019s time to negotiate with the landlord. Once you\u2019ve agreed on a rental amount, make an offer via email or text and get the landlord to respond to have a written record of it. But nothing is locked down until you sign a Letter of Intent, which indicates that the landlord agrees not to continue searching for tenants.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s also a good idea to negotiate any terms and conditions in your tenancy agreement at this stage. For example, you might want to make sure whether you\u2019re allowed to have visitors and\/or use the common areas, as well as whether utilities\/internet are included in your rent and whether you\u2019re responsible for any repairs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Upon signing the Letter of Intent, it\u2019s likely that you\u2019ll need to pay a good faith deposit of one month\u2019s rent for one-year leases or two month\u2019s rent for two-year leases. This will go into your security deposit, which will be refunded to you when your lease lapses. However, the landlord may retain some or all of it for repair in the event that you\u2019ve caused damage to the property.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 4: Signing the tenancy agreement\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The final step is signing the tenancy agreement. Once you\u2019ve done that, congratulations! You are now officially renting the place. But before you sign the agreement, be sure to read it thoroughly and negotiate any sticking points. If you didn\u2019t pay the security deposit when you signed the Letter of Intent, you\u2019ll be required to do so when you sign the tenancy agreement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It goes without saying that you\u2019ll need to pay your rent on time every month. This helps you avoid any late fees stipulated in your tenancy agreement and increase the likelihood of your contract being renewed. Most landlords in Singapore prefer payment by bank transfer, so if you\u2019d prefer to pay any other way, make sure you bring this up with the landlord ahead of time.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Get in touch with Pacific Prime Singapore today!<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It goes without saying that renting and living in Singapore (including accessing medical care) is expensive. So much so that it pays to secure insurance to safeguard yourself against unexpected expenses. Whether it\u2019s <\/span><a href=\"https:\/\/www.pacificprime.sg\/expat-health-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">expat health insurance<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.pacificprime.sg\/plans\/home-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">home insurance<\/span><\/a><span style=\"font-weight: 400;\">, or <\/span><a href=\"https:\/\/www.pacificprime.sg\/plans\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">any other type of insurance in the Lion City<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.pacificprime.sg\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pacific Prime Singapore<\/span><\/a><span style=\"font-weight: 400;\"> is your go-to brokerage. We have over 20 years of experience and a team of professional, unbiased insurance advisors on hand.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.pacificprime.sg\/contact-us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Contact us today<\/span><\/a><span style=\"font-weight: 400;\"> to learn more and get started!<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><div class='code-block code-block-6' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.sg\/compare-quotes\/step-one\/?campSource=PPSG-Blog&utm_source=blog&utm_medium=cta_banner&utm_campaign=banner&utm_content=quote\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-781\" src=\"https:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2019\/06\/PPSG_Gen_02.jpg\" alt=\"Get an Insurance quote banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re looking to rent in Singapore, you certainly won\u2019t be disappointed. Whether you\u2019re aiming for a city center flat or a house in a residential area, there are a number of options to choose from in the city-state so you\u2019re bound to find something that suits your budget and lifestyle. But like all things &#8230;<\/p>\n","protected":false},"author":21,"featured_media":3019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3,2],"tags":[767,768,454,2351,2350,2349],"class_list":["post-3018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expat-insurance","category-insurance","tag-ban_sin","tag-cta_gen","tag-expat-health-insurance","tag-home-insurance","tag-renting-in-singapore","tag-renting-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Complete Guide to Renting in Singapore<\/title>\n<meta name=\"description\" content=\"Renting in Singapore? 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Being of Thai-Indian origin and having lived, studied, and worked in Thailand, the UK, and Denmark, Suphanida also has a unique, multicultural perspective that helps her understand the struggles of expats and globetrotters. 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