Struggling to find the cheapest apartment in Singapore, well don’t worry we have few tips for your help!.
Singapore is a country that has one of the most expensive real estate properties in the world. Aside from its small land mass, the growing population of the country also caused the price to rise. If buying property is already expensive, you should also expect the same when you look for rent in Singapore monthly cost.
A $1000 rental for studio apartment in Singapore is very rare. However, you can still find apartments around that price range not exceeding S$1500. Even if you find one that is over that price, there are still ways that you can do to bring that price down. In this article, we will discuss four tips to find the cheapest apartment in Singapore.
Tip #1 – Apartment location
Although in Singapore monthly cost is expensive, you can still find apartments across the country that will cost less. One factor that can reduce the price is the location of the apartment. You can find a $1000 rental for studio apartment as long as you are further away from the business district. Thus, you should look for rental properties that are far from the Central Business District.
However, if you need to be in the Central Business District, it is best that the one you intend to rent is near an MRT station. This is so you will have a fast travel time to go to the business district. However, if you don’t need to be at the business district often, you can always pick a further district.
Tip #2 – Be the main tenant
One of the ways to bring down your rent similar to a $1000 is to become the main tenant. In this scenario, you will have to rent a whole flat that has 2-3 extra rooms. Then, you can rent the rooms you will not use to others. As a result, you can have the fellow tenants cover some of your rent costs.
For example, if you rent an flat that has three bedrooms for S$4000 a month. You can charge the other two tenants monthly cost of $1500 each. As a result, you will only have to pay S$1000 a month. The downside of this scheme is that you will have to cover a large two-month deposit upon signing the lease. Then, you will have to find tenants. If that is worth the hassle on your part, then you should definitely try this.
Tip #3 – Only rent a room
If you do not want to become the main tenant, you can be the other tenant by renting only a single room. You may not have the whole apartment to yourself but at least it will be like a $1000 rental. The only privacy you will have in this setup is your bedroom. This means that you will have to share common spaces like the kitchen and the living room with others. Thus, it is necessary that you get to know your fellow tenants.
Figuring out the personality of the other tenants will help you build a good relationship with them. You should ask them questions about their living habits. Are they okay if you bring your cat to live with you? Are they fine if you will use the kitchen frequently? Is it alright for them if you accept visitors in the apartment? Learning the preferences of your fellow tenants will help you determine if you can live with them. If you find that their preferences do not match yours, then the monthly cost is not worth it.
Tip #4 – Check your lease contract
It is a must that before you sign the lease contract is to make sure that you understand every clause written there. It is vital that you look for the breakdown of all the costs that will be charged to you. There may be some things in the rental costing that you can live without. Some of these costs that you can omit are air conditioning, non-essential appliances, and even WiFi services. Removing these costs can bring the price down to $1000. Thus, pick the costs that you can do without.
More rental tips
Always remember that the posted apartment for rent in Singapore monthly fee in a listing is not always final. There are still ways where you can bring down the rental price. If you find one that fits your needs but not your budget, don’t be afraid to negotiate. If that does not work, you can always keep searching until you find the right one Do you want more renting tips? Read more articles at SRX Property.
We hope this article will help you and you will find your cheapest apartment in Singapore soon.
Also checkout: IMPORTANT TIPS FOR BOOKING A HOTEL
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