Looking for an apartment for rent in Singapore is a smart decision, one that you have made at the right time. One thing that you should know is that Singapore is a great country to live in and although the first priority is to provide ample housing for the citizens of this island nation, but the legal system of Singapore is very clear about property ownership by foreigners and residents. Due to the availability of a number of options in the market, you have to know what you are looking for so that you can narrow your search. For example, HDB may not offer you what you need and therefore the way to go is the condominium way.
To get the best from the market, enlist the help of a real estate agent, one who is well reputed and who knows their way around Singapore and Housing Rental in Singapore. Usually, they are cheap and any way, you will find their service very valuable. To make sure that you get a good agent, just get referrals or recommendations from friends or from any one in Singapore. Everyone has a home that they go back to in the evening and therefore they must know a good real estate agent. The normal fee that most agents get is about 50% of the first deposit. However, this may depend on several factors and therefore you should find out how much you should pay and do not pay a coin more.
Check out the apartment for rent in Singapore
Once you think you have found the right apartment for rent in Singapore, go ahead and check out all the furniture, the fridges and the stuff that you find there. It is very important that you ensure that everything is in pristine condition. If you are smart, you can take a few photos and keep them handy. Usually, you will be required to pay a security deposit, which is refunded by the property owner at the expiry of the lease. This is to ensure that if you cause any damage to the property. He can deduct expenses to cover repairs from the security deposit.
Make sure that everything is done in writing and that the agreement is stamped. For all money you pay towards the rent or the one-month advance deposit for the apartment for rent in Singapore, make sure that you get the receipt for the same. Never agree to pay more than one month’s advance deposit, for a year’s lease, even if the property owner promises to lower the monthly rent for you. If you can avoid it, do not pay the owner or the agent in cash because that may be hard to prove later. On the contrary, use a check or another payment method that
Research thoroughly on the apartment for rent in Singapore
Research is always the key. Find out as much information as you can about condominiums in Singapore. These are high-rise buildings that are now characteristic of every city. Since rental apartments are not as expensive as landed property, that is where most people Looking for an apartment for rent in Singapore has never been easier because now, many realtors have taken their business on the internet. Start by looking online where you can also see images of the apartments that may be available for rent. However, this is not enough. You need to go and see the apartment in person before you pay any money.
When looking for rental property, trust your gut feeling. Ok, so this is a bit out of order but if in any way you feel that the deal is not good enough, don’t pay anything. Just back off and go look for another HDB flat. Do not buy your way into any house rental deal Singapore blindly. On the contrary, consider what you really want. Is there a school, supermarket, hospital, motorway or children’s playground nearby? Luckily, such facilities are provided for in any condominium environment in Singapore.
Sometimes, the real estate market will favor the renters and sometimes it will favor the landlords. This is respectively called renters’ or landlords’ market. If you can only study the trends, you just might know the right time to go hunting for an apartment for rent in Singapore. Go along with the law. It says that if you are renting an apartment for six months, you pay six months’ rent in advance. One month’s advance rent for one-year lease and 2 months’ advance rent for two year lease. The law is an ass, but here, play by the law.