4 Ideas to Make Renting Property in Singapore More Affordable 

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Singapore is an area that is unfortunately well known for its higher rental rates. When the time arrives for you to begin looking for a new place to rent, you may understandably feel dismayed by the challenge of finding someplace affordable to live. However, while it can be difficult to find cheap rental rates in Singapore, you can employ a few ideas to make it more affordable to live in the area. Think about how you can incorporate one or even several of these ideas into your rental plans.

 

Look for Government Subsidized Housing

One idea is to look for an HDB for rent in Singapore. An HDB is a government subsidized housing unit, and these units are available to those who meet certain qualifications. For example, one requirement is based on income, and you must show that your income is low enough to qualify based on financial need. These units are available in a wide range of sizes, so there are units suitable for single people as well as families with kids.

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HDB Flat

 

Get a Roommate

Another idea is to find a roommate. When you have a roommate, you are essentially sharing the rent as well as other housing expenses, such as utilities. You could even share the cost of food. It may take some time to find a great roommate, but this idea can have a dramatic and beneficial impact on your housing and living expenses alike. You can start asking around with friends to see if they would like to live with you, or they may know someone who is also looking for a roommate.

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Live in a More Affordable Area

You could also live in a more affordable area in Singapore. Everyone may have a preferred area or region in Singapore that the desire. For example, you may want to live next to hot night spots and great shopping centers. However, the rent in trendier or more upscale areas of Singapore can be dramatically different than those in lower end areas of town. If you are having trouble making ends meet in an upscale area of town, it may be time to scale back and live in an area that is more affordable for your budget.

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Choose a Smaller Place

Another option to consider is to choose to live in a smaller place. Even if you already live in a one-bedroom unit, consider that there are different sizes and styles of one-bedroom units. Some have huge bedrooms and living areas while others are more compact in size. The amenities that are available to you can also vary, and you may not need to have access to all of the amenities that you are paying for through your higher rent payment. By choosing a smaller place to rent with less amenities, you may be able to save a small fortune on your monthly rent.

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When you are looking for a place to rent in Singapore, you may be focused primarily on finding a unit that has the right size for your needs and that has a rental rate that is affordable for your budget. Many who are ready to rent a new space are dismayed to find that it is so challenging to find an affordable property that meets their needs. While this is not always an easy task to complete, you may find that renting property in Singapore is not as complicated as you might think. You can apply some of these ideas to your efforts, and you may discover that you can afford to live in a house or apartment that meets your needs in Singapore.