Monday, September 29, 2008

Reader Mailbag # 4 : Cost of Living in Singapore 2008

Hi Sandeep,

we are planning to rent out this house at HDB Bukit Batok, 177 Bukit Batok West Avenue 8, Singapore 650177, The rent is SGD 1700/ month, you think it is a good area and a decent rent??


Bijal thanks for commenting on my blog.

Well, as I said earlier in my posts that all areas in Singapore are good in terms of accessibility, food options, grocery, shopping malls etc. So finally it comes to your choice of location in terms of commute to office and how much you want to pay as rent!.

So go ahead if the HDB flat is not too far away from MRT Station - may be 3-4 bus stops is a good idea.

About rent this looks like good rent for 3-4 room house. But again as I lack details in the question, can't comment on that. Again it depends sometimes, some people prefer small but well furnished flats and some prefer bigger flats like 3-4 bedrooms.

Hi Sandeep,

hope all well with you.
Could you please advice in which areas the rent is not high. Am a business men and planning to open a office in Singapore so would like to shell out less funds. I would be moving with my wife. Are the rents payable very month or its taken in advance for 12 months. Are there any security deposits while renting.

Sachin thanks for posting a comment. Rents are payable monthly most of the times unless its a lease(again I have not seen anybody personally doing so). Advance rent depends upon your contract terms, for 1 year rental agreement the advance would be 1 month rent in advance(wow that gives relief if you are coming from India where we pay 10-12 months rent in advance!)

The rent in advance itself is a security deposit. Most of the rent agreements has a clause to for either party to vacate or ask to vacate after 6 months by giving 1 month notice. So need to check the agreement carefully before you sign in.

About rent being high or low in areas in Singapore. You need to search based on your office location and commute time you want to spend. Once you decide on location for example Senkang, Ang Mo Kio, or Tampanies you can try searching flats in those areas and generally rent varies depending upon type of flat and renovation done.


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