Foreign Property News | Posted by Zarni Kyaw
Renting a place in Singapore can be quite confusing, with lots of jargon and steps to consider. Here’s our complete guide to renting property in Singapore.
Whether you are a foreigner coming to Singapore for work or studies or a local who wants to move out of your parents’ home without buying property, renting a home is fairly easy here.
What Properties Are You Allowed To Rent?
The main types of residential property you can rent are HDB flats, private condominiums and landed homes. HDB flats are considered government housing, thus there are more rules as to what you and/or your landlord can and cannot do. Most other types of housing are categorised as private.
Rental Eligibility And Regulations In Singapore
So long as you are legally allowed to reside in Singapore, there is nothing stopping you from renting property here.
The main rules you need to be careful of are those governing the minimum length of leases. Short-term private property rentals of less than 3 months and HDB rentals of less than 6 months are illegal. There are some folks who rent out condos to tourists on the sly on Airbnb, but be aware that what they are doing is illegal.
For HDB renters, there are also rules regarding your lease period. Singaporean and Malaysian citizens can rent HDB flats for up to three years. Meanwhile, the maximum lease period for rental of HDB flats by non-Malaysian foreigners is two years. Of course, once your lease expires, it can be extended if both you and your landlord can come to an agreement.
What Can You Expect To Pay Per Month For A Rental Property?
Other than property type and size, rent varies dramatically depending on location. Private property is typically significantly more expensive than HDB property of the same type and size, but also comes with 24-hour security and facilities such as a swimming pool or gym.
Search For Properties
Searching for a property to rent is easy. Browse rental listings on PropertyGuru, using the filters to narrow down your search according to budget, location and project type.
Ref: Property Report
