We’re living in a landlord’s market.
While Singapore rent prices have come under pressure recently, tenants still spend a considerable amount per month on rent.
Here are 8 Tips to help you save on room rental in Singapore:
1- Look for shared accommodations: You may be able to significantly reduce your monthly rental expenses if you share a room with someone else or live in an apartment.
2- Consider living in the outskirts of the city: Compared to living in the city area, renting a room or apartment in the suburbs or on the outskirts of the city can be significantly cheaper than renting one in the city center.
3- Live with roommates: By living with roommates, you may be able to split the monthly rent, utilities, and other expenses, making it easier and more affordable to rent a larger space.
4- Negotiate with your landlord: There may be a possibility that you can negotiate a lower rent if you have a good relationship with your landlord and have been a responsible tenant.
5- Consider renting a room in an HDB: In Singapore, the Housing Development Board (HDB) is the authority that manages all the public housing developments, and the HDB flats have a lower rent than private apartments.
6- Utilize housing subsidies and grants: Various housing subsidies and grants are provided by the government for eligible citizens, such as the Special CPF Housing Grant and the Additional CPF Housing Grant.
7- Live with your family: In the event that you have family members who live in Singapore, you might be able to save on rent by living with them.
8- Be flexible with your move-in date: It is a fact that rents tend to be higher during peak periods, such as the beginning of the academic year, so it may be a good idea to move in during off-peak times.
Before making a decision regarding how to save the most money on your room rental, you should weigh the pros and cons of each option.
(Credits: RasberryLemon, cove.sg)