The best option for Foreigners to get a property in Singapore

1. The best option for Foreigners to get a property in Singapore If you’re going to work or study in Singapore, you definitely need to stay somewhere. Renting an apartment in Singapore is, unfortunately, not simple. You must go through several steps and pay attention to the rules. There are a lot of propertysites that provides a very good explanation on HDBapartment rent process in Singapore, but sharing from various experiences, it might help you understand better on how the process goes. What to Consider There are many things to consider before you start to rent an apartment. While many sites have described the considerations clearly (price, location, air conditioner, distance to MRT, no. of rooms, etc.), This article will highlight things that are important but not mentioned much. 1. Unit vs. Room You can rent a whole unit or only a room, sharing the unit with other tenants. It would be great if you can find friends who are willing to rent a whole unit together. For example, rent a 2-bedroom unit with a friend and each can occupy separate rooms. That way, you don’t have awkwardness when sharing the kitchen, washing machine, etc. If you are alone, the good option is either to rent a 1-bedroom condo unit or a condo/HDBroom. For renting a room, you will share the unit with other tenants, depending on the no. of rooms leased by the owner. There are two types of room: master room (has a bathroom inside) and a common room. It might be best if you stay at a unit that’s not occupied by the owner to avoid conflicts. 2. HDB vs. Condo HDBapartment is maintained by the government, while condominium is not. This is probably why in general, HDB is much cheaper. The biggest difference is that most condominiums offer a free swimming pool. Facilities like gym are also nearer at the condo. Besides the price, according to various propertyagentsinSingapore, renting HDB requires a lot of checking for foreigntenants. There might be a lot of listings on the internet, but that does not mean they are 100% percent available for foreigners. HDB imposes race and foreigner quota on each building. Condominium, on the other hand, is absolutely free from those restrictions. 3. Location and Price The more rooms the unit has, the more expensive it will be. Location matters a lot as well. You might work in the city center, but you do not want to rent a unit there cause it’s crazily expensive. In general, one person might spend around $800-$1500 monthly just for the house and utility bills alone. Of course for some foreigners, this price is way too high. 4. Payment Method This might be the most important one. Ask your propertyagentinSingapore or your apartment owner about the accepted payment methods. If you’re a foreigner, the easiest way is to pay by cash, but most propertyagents and owners reject it because it’s not traceable.

2. Property rent is very expensive in Singapore. RentinginSingapore is bound to a contract for a period of time, to ensure that you really want to pay for the house. Go research about the process and pay attention to the rules so that you can get the best help from your property agents in Singapore.