Category Real Estate

10 Things to Consider Before Renting a Property in Singapore


Singapore was named by the Global Property Guide as the 10th most expensive city in the world. On average, the cost of rent is $3,400 per month for a 120 square meter property. The size is spacious enough for a family of four.

There are five common property types in Singapore: private apartment, HDB, HUDC, landed, and commercial. HDB stands for Housing Development Board. They are residential houses that are publicly governed and developed. HUDC means Housing and Urban Development Company. These are flats originally created for middle-income families during the 70s and 80s.

If you are looking for a property for rent in Singapore, here are things to help you find your new home soon:shutterstock-133732412(1)

  1. Utilities The most important utilities to check are water, gas, and power. Also, check if the heater is working properly. Most properties in Singapore already have WiFi and Air-con included. There are high-end condos that even have all the furniture and appliances you need but they are typically the expensive type.
  2. Location Is it nearby MRT/LRT services, restaurants, shopping places, churches, hospitals, and supermarkets? If you have school-age children, it’s also important that it is nearby schools.
  3. Landlord Nobody wants a landlord who will be all up in your business or someone who has no interest in fixing the house issues. As a tenant, you have the right to live in a healthy and safe environment. Your landlord should be cooperative enough to ensure your wellness while staying in the property.
  4. Budget The first thing to ask yourself is “Can I afford this?” You can find partly renovated flats at $2,000 but if you prefer a fully furnished unit, be prepared to shed out at least $3,500 per month. Make a budget and stick to it.
  5. Pet policy Singapore is definitely a pet-friendly city but take note that there are a lot of regulations when it comes to owning a pet. If you are planning to live in an HBD flat or residential unit, you may only have one small breed dog with you. You can only keep up to three dogs when you are in a private residence or commercial premises.
  6. Neighbors This may not be the most important factor but it is definitely better if you have friendly neighbors. Visit the neighborhood at night or at weekends and check if the surrounding is noisy or not.
  7. Length of lease According to the new rental regulations in Singapore, you cannot rent out a whole condominium unit or room for less than six months. You can only do so if it was approved by the Urban Redevelopment Authority. From eight unrelated tenants, the maximum number of unrelated tenants allowed is now down to six. Room sharing is very common among workers in Singapore.
  8. Safety Singapore has one of the lowest crime rates in the world. But that does not mean life in Singapore is always rainbows and unicorns. No country is free from threat. It’s always better to be safe than sorry, so check if the property has a security system or if the doors and windows are secure enough.
  9. Amenities Rental condominiums usually have a swimming pool, tennis courts, gymnasium room, and barbecue area. The amenities offered will also depend on your budget.
  10. Parking Check if the unit has a covered car park. Otherwise, it should be walking distance to a parking garage. Take note that only a few HDBs have the free parking scheme.private-homes-condo

Ultimately, familiarize yourself with Singapore’s new rules and regulations about rental properties. Pay extra attention when inspecting the property before signing the tenancy agreement. As a tenant, your landlord expects that you will be responsible for taking care of the property. If you still cannot find the best property for you, you may get help from an agent or an apartment locator.

Read More

Singapore Property Agents – Which One Should You Be Working With?


The expertise of a local property agent can mean the difference between landing a great purchase and spearheading a failed venture. Whether you’re in Singapore’s market to buy investment property or move with the family permanently, having a property agent by your side simplifies the process in a myriad of ways.

Cost Vs Value 

People seldom look at the value of bringing in a property agent. They’d much rather save a few hundred dollars on commission. However, their in-depth market knowledge and specialized training has prepared them for any real estate scenario possible. They already have a database of property listings that match your budget and demands in terms of space and amenities.

Local Vs Expat Investors 

Investors who are already in Singapore should meet their prospect face to face. Observe them in their working environment rather than in their office. A good property agent in Singapore spends minimal time behind the desk and is instead out in the field building their database and networks. Expat investors can start by chatting with agents online. Majority of real estate websites today have an online help desk that connects you with Singapore-based agents.

Property Selection 

The types of property accessible in Singapore include HDB flats, apartment and condo units, single-family residences, and shophouses. Each property type will cost differently to acquire and maintain. Moreover, the potential returns on investment will vary as well as the economic forces that drive demand and valuation for the properties.

In addition to these traditional and modern accommodations, you’ve also got REITs or real estate investment trusts that let you invest in a broader selection of property classes, such as strip malls, city stadiums, and industrial plants. Knowing what specific property type you’re looking to invest can dictate which agent you should be working with. Preferably, you want to work with an agent whose database has high concentrations of that property type.

Work Experience 

Don’t be fooled by a neat suit and tie. A good property agent in Singapore should have the track record to prove their credibility. An agent with five or more years of experience will generally have more access to property listings as well as in-depth understanding of the local market than someone who just recently graduated from a real estate agency program. Look further into their certifications. Ideal candidates are those with updated and relevant certifications not only in real estate but in business management and other related fields.


Investing is a long-term game. Thus, you will be working with your property agent for as long as the portfolio is alive and well. If your agent is too busy, it can be a headache to get in touch with them during emergencies. Real estate agents can only realistically and effectively work with around five or six clients at any given time. If they always miss your calls or redirect you to their assistants, it may be a sign that your agent cannot put in the attention and commitment that’s needed to succeed in your investment venture.

There’s a dime a dozen agents practicing in Singapore. Use these pointers to create a formula or approach that weeds out the bad from the good agents.


Read More

Where to Live in Singapore Based on Your Personality: A Neighbourhood Guide


With its stable, pleasant climate and thriving economy, Singapore is a desirable location for settling down. With a huge variety of housing types and locations, it’s easy to find the ideal property in Singapore.

A truly global city, Singapore has been attracting new residents from all over the world since its inception in 1819. This makes it a great place for expats, whether they prefer to get to know the locals or mix with their fellow countrymen. Property in Singapore is of exceptionally high quality and buyers are guaranteed to find something to suit their requirements.

Property prices can vary greatly depending on size and location. Some up-to-date general information about the cost of living in Singapore can be found here.

The great thing about such a diverse and vibrant city is that it’s simple to find a neighbourhood to suit one’s personality. Singapore is divided into 28 separate districts and each district offers a distinctively different living experience.


The Busy Professional: The City

Areas: Orchard, Marina Bay


For anyone needing to be close to the heart of the action without losing out on amenities, this is the spot. Housing largely consists of serviced condos and apartments. Buyers pay a little more for the central location but the standard of living is high.


The Beach Lover: The East 

Areas: Marine Parade, Bedok, Psir Ris, Tampines and Changi

With a range of properties, from apartments to divine beach-side houses, lovers of the coast will adore this region. For those who regularly travel internationally, Changi Airport is close at hand.
Family orientated: the central area

Areas: Serangoon, Bishan, Ang Mo Kio and Thomson

This region offers more space and quieter surroundings while still boasting great transport links to the city. Buyers will find cluster housing, HDB flats and some exquisite period properties.


The Bargain hunter: The West 

Areas: Bukit Batok, Clementi, Jurong, Upper Bukit Timah and Tuas

Property prices are lower here than elsewhere on the island but the area still offers buyers a high quality of living and a great variety of property types.


Lover of Peace and Quiet: The North 

Areas: Woodgrove, Woodlands, Sembawang and Seletar

The north offers buyers more open spaces including nature reserves, golf courses and parks, as well as a range of properties to suit all needs and budgets.


Property types


Public housing in Singapore is managed by the Housing and Development Board (HDB). The majority of the residential housing developments in Singapore are publicly governed and developed. HDB flats are high quality and are located in areas that have their own schools, supermarkets, clinics, sports and recreational facilities. There are eligibility criteria which buyers must meet in order to purchase this type of property.




At the higher end of the market, a serviced condo is a great way to live in Singapore. Many have facilities like gyms and pools and services like maid service and laundry are commonly included. From studio units to luxury penthouses, condominiums are an increasingly popular option for people buying property in Singapore.



For families, bungalows offer more space and privacy than apartment or condo living. These properties tend to date from before the Second World War, so they often have more personality than inner city properties. Away from the hustle and bustle of the city, these properties are a great choice for families and older buyers.

Period properties

For something really quirky, there are a small number of colonial houses remaining in Singapore. These properties date from the 1800s to the early part of the 20th century. It’s vital to move quickly though, as they get snatched up extremely fast!


For those who prefer living in a house, a wide range can be found in Singapore from townhouses to terraced properties, semi-detached and detached houses and, built in later years, cluster houses which tend to be a little cheaper but still offer excellent facilities and quality of life. Many have gardens and most are close to amenities.



Read More

4 Ideas to Make Renting Property in Singapore More Affordable 


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.


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.



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.




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.

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.

Read More

Five Tips for Finding Awesome Accommodations in Singapore


Five Tips for Finding Awesome Accommodations in Singapore

When you are on the hunt for housing in Singapore, it can get a little tough to keep everything straight. You may be moving alone, or you may be moving with family, or you may find that you are only going to be in the new location for a short amount of time. The truth is that no matter how or why you are moving or how long you are going to be spending there, you should take a moment to think about how to get the best housing for you. The five steps below should keep you on the right track.


Work Out Your Budget 

shutterstock_60543931Before you start your search, put together your budget. Your budget is going to tell you what your options are, and it is going to help you decide on a neighborhood, amenities and other things. Remember to take all of your expenses into account, whether you are looking at Internet fees, cable fees, gym memberships and more. Amenities are not often covered in rent in Singapore, and the closer you get to the city center, the more pricey things are.


Learn About the Neighborhood 

The-Interlace-Vertical-Village-3 Make it a point to walk around the neighborhood on foot. Do you feel safe? Are there things that you can walk to? Even if you drive, this can tell you a lot about what is going on. The closer you get to the center of Singapore, the more likely it is that you will want to take the MRT wherever you go. Account for this, and think about what that means if you have a car. The neighborhood that you choose can affect a lot!


Talk to the Neighbors 

neighbours-talkingIf at all possible, talk to the people around your new place and ask them what their take is. People who live in the building can tell you a lot more about what is going on than an ad can. Ask them if they enjoy living in their new space or whether they have any complaints that they cannot have heard. Ask them if they are going to continue living there or if they are moving soon.


Try Several Places 

Whether you are looking at HBD flats in Singapore or you are just looking for something that is temporary, you will find that you should search around. Don’t just visit one place and think that it is the best you can do. Be willing to search for a while, to look around at all of the options and to really figure out what is out there before you settle on on space.



See What You Are Allowed

 What’s important to you in the place that you live? For example, you might be someone who loves painted walls, or someone who needs to be able to keep animals. In either case, many Singapore apartments and homes have rules against this. When you are looking to make sure that you will love the place where you are living, consider what is allowed and what is not. Not asking a question at the right time can mean that you are stuck with some pretty frustrating regulations!


Remember that no matter how long you stay or what you plan to do when you are there, you need to think about where you live in Singapore. Think about how it can make you happy, and also consider what your options are going to be like as you move.


Read More

How to Select the Right Home Loan

homeloan thumb

Applying for a home loan can be a stressful experience. Many home loan applicants wonder if their loan request will be approved, if they will have the right documentation for the loan and if their loan will be affordable for their budget. These are just a few of the many concerns that you may have when you apply for financing, but you can more easily overcome your anxiety when you pay attention to a few key points.


Review Your Budget

Before you spend time shopping for a loan program and compiling documentation for the underwriter to review, take a closer look at your personal budget. The home that you purchase will affect everything from your mortgage payment to your maintenance costs and utility bills. Many new home buyers spend a considerable amount of time worrying about the affordability of their home mortgage payment, and the concern about affordability will be alleviated when you understand all of the costs of home ownership and when you. It will be impossible to accurately determine if a mortgage payment is affordable for your budget until you understand how the new property will affect all aspects of your budget.


Analyze Loan Programs

After you have reviewed your budget, you can more accurately determine the mortgage payment that is truly affordable for your budget. This will make it easier for you to analyze and compare home loan options @ iMoney. In addition to reviewing the mortgage payment, however, take a closer look at other terms of the loan. For example, the loan term, the amortization rate and the interest rate are also important. In addition, some loan programs may require you to make a larger down payment. These features are all important because they can affect which loan option is best suited for your goals and plans.


Find The Ideal Home Loan @ iMoney

Find The Ideal Home Loan @ iMoney


Buying real estate is a major step to take, and this is a considerable investment that is worthy of your extra time and attention. You may hold the property and be responsible for the loan payments for years to come. Because of this, it is important that you fully understand how to review the loan options and how to select a loan program that is truly affordable for your budget. When you apply for the right loan program, you can rest assured that you will be making a great decision about your finances, and you can decrease the stress you feel related to the purchase and the loan application.


Home Loan Infographic

Read More

5 Real Estate Tips to Organizing a Successful Open House

An open house can cause plenty of pressure and stress as the sale is often dependent on this single event, requiring that it be a success for the money involved for the seller. By incorporating a few factors and tricks into an open house, it can ensure a faster sale for a house that will likely increase in demand.

Promote the Event Online

The most successful open houses can easily be found on a number of social networking sites for convenient advertising that will have a broader audience. By supplying quality photos with the ad, it will attract more visitors and create a higher level of exposure for those in the local area. Different real estate sites allow a listing to be posted, which can essentially be seen by hundreds to thousands of people.

A real estate listing can also be posted on different online news sources, making it easy to be seen by those who check the property news on a frequent basis.

Use Neutral Decor

To allow more aesthetic appeal in the home to buyers, create a neutral space that uses beige, white, and dark colors to look attractive to a larger environment. Using decor that is too trendy or eclectic will turn off potential buyers, making it difficult for them to imagine living in the home.

Put personal items away, along with photos, for a professional and clean environment that doesn’t detract from the home’s style and design. Area rugs should also be removed to ensure that buyers will have a clear view of the floors.

Staging a home will work to rent different types of furniture and decor that enhances the curb appeal of the home without purchasing new products to furnish the environment better.


Choose an Ideal Time

The time and day for the open house largely contributes to how many people will look at the home for the general public’s availability. It should be held on a weekend when more people are looking to invest in property, particularly on Sundays between one p.m. to four p.m.

Clear signs that can be read from a distance should be placed in specific locations with plenty of traffic to allow visitors to conveniently stop by, making for a great way to advertise at a low cost.

Provide Refreshments

By serving delicious drinks and treats, it will keep potential buyers in the home for a longer period of time, and even lift their mood. Many people naturally socialize more when they’re able to munch on goodies, making it easy for them to ask questions to the relator and have a more positive perspective of the environment.



Create Space

One of the most important factors that homebuyers consider when looking to purchase property is how much space and square footage the home provides. Each room will look more appealing without clutter or bulky furniture filling up the house, making it easier for the home to feel spacious and comfortable in design with minimal items.

Read More

American Style Bungalow

There are various features of the bungalow according to the weather and location of the owner of the house. Just like the American style. The house is one or one and a half story; living rooms are on the ground floor, low-pitched roof and horizontal shape, connecting rooms without hallways, with built-in cabinets, shelves, and seats. The Californian style, one or one and a half story, sloping roof supported by sturdy beams, spacious front porches, exposed brackets and other Craftsman details and Spanish-inspired details. Spanish style feature is low-pitched or flat roof, red tiles on roof, parapets, stucco-siding, usually painted white, cream, or tan, carved wooden doors, arched windows or doorways, decorative wrought iron railings and windows grills and decorative glazed tile.

In the year 1600s-1740, an England colonial residential style feature a second story protrudes over first story, saltbox roof shape that slopes down in the rear, massive chimney placed at the center, and diamond-paned windows. The Dutch colonial style (1625-mid-1800s) feature a one or one and a half story, stone or bricks constructed, door can be opened independently, wide, and gambrel roof with flared eaves. The typical German style, two-feet thick walls made with sandstone, reinforced stone arches above the first floor windows and doors, hand hewn beams pinned with wooden pegs, exposed half-timber, flared eaves and massive wishbone-shaped chimney.


Read More

Home Safety and Security

When it comes to buying an apartment for rent or house for sale, people need to really make sure that their home is safe and secure at all times. It is all about protecting one’s family and valuables no matter the type of area that a person is actually living in. When there is not that many people living in one home, then it makes it a lot easier for someone to break in especially if the residents are never there. People do need to make sure that they leave lights on in their home such as the TV, etc. if they feel like they are going to be gone for a long period of time.

Whether one is living in a bungalow or a condominium, it is very important to install some type of security within their own space just to be on the safe side. One needs to also make sure that all of the exterior doors have good proper locks. Deadbolt locks that are about 1inch, should be installed on these type of doors. Unexpected knocks at the doors should always be checked out before just opening, because one may never know who it is. When people live in apartments it becomes a little bit more safe if they need to be buzzed in.

When looking for property for sale and property for rent, one needs to always make sure that they keep some safety and security ideas in their heads so they will be able to actually maintain everything within their homes. If one has patio doors in their homes, they should definitely burglar proof them by setting a medal pipe or bar in the middle bottom track of the door slide. The pipe should be the same length as the track, so definitely make sure to keep that in mind for patio doors.

Garage doors should also be kept closed at all times for those who own some type of home, or even apartment with a garage. Even when one is at home, it is important to keep them closed. Most importantly, it is important to install a home security system regardless if one is living in a house, apartment, or even a condo. Home security systems will keep the house safe and guarded while one is there and not there.

Some people even go to the limit and end up installing some type of security cameras in and around the outside of their homes. Though this is quite expensive, it is definitely worth it depending on the type of neighborhood that one is living in. These factors should all be taken into consideration so one can keep safe and protect their family as well at all times. If you would like to know the state of the Asian property market in 2012, visit this site

Read More