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.
Looking to save more money? Get Great Tips and Save more with @sgsave on Telegram!
(Credits: RasberryLemon, cove.sg)