How to Rent a Home in Singapore

Navigating the process of renting a home in Singapore for the first time can feel overwhelming. Numerous questions might arise: Should I consult a lawyer? Are appliances typically included in rentals? How can I discover quality rental properties? Which neighborhoods will best suit my needs? These are just the tip of the iceberg. Dive in for answers to these pressing questions and gain insights from our members who've made Singapore their home.

"Relocating to a new country can be a daunting task, especially when it comes to finding a place to live. Singapore, known for its high standard of living and vibrant city life, is a popular destination for expats. However, the process of renting an apartment in Singapore can be complex and unfamiliar. This guide aims to provide you with all the necessary information to make your apartment hunting in Singapore a smooth and successful experience.

How do you find a rental property in Singapore?

There are several ways to find rental properties in Singapore. Online property portals such as PropertyGuru, 99.co, and SRX Property are popular platforms where you can browse listings based on your preferences. Alternatively, you can engage a real estate agent to assist you in your search. They have extensive knowledge of the local market and can help you negotiate the best deal. Word of mouth and personal networks can also be useful in finding available properties.

Does Singapore have an MLS type system?

Singapore does not have a Multiple Listing Service (MLS) system like in the United States. However, online property portals and real estate agencies provide comprehensive listings of available properties. These platforms are regularly updated and provide detailed information about each listing, including photos, location, price, and property details.

Do brokers have licenses and how do I know if they are licensed?

Yes, real estate agents in Singapore must be licensed by the Council for Estate Agencies (CEA). You can verify an agent's license by checking the CEA's online public register. It's important to ensure that your agent is licensed to protect your interests and ensure a smooth transaction.

Should I buy or rent in Singapore?

The decision to buy or rent depends on your personal circumstances, financial situation, and long-term plans. Buying property in Singapore can be expensive, especially for foreigners who are subject to additional buyer's stamp duty. Renting is often a more flexible and less financially burdensome option, particularly for those who plan to stay in Singapore for a short period.

Is it difficult to find rentals in Singapore?

Finding a rental in Singapore can be challenging due to the high demand and fast-paced nature of the property market. However, with proper planning, research, and the help of a licensed real estate agent, you can find a suitable rental property. It's advisable to start your search a few months before your planned move-in date.

What documents are required when renting an apartment in Singapore?

When renting an apartment in Singapore, you will need to provide a copy of your passport, employment pass, and a letter of employment or a pay slip as proof of income. Once the lease agreement is signed, you will also need to provide a stamped copy of the agreement to the landlord.

Do I need a lawyer when renting an apartment in Singapore?

While it's not mandatory to have a lawyer when renting an apartment in Singapore, it can be beneficial, especially if you're unfamiliar with the local property laws. A lawyer can review the lease agreement, ensure your interests are protected, and handle any legal issues that may arise. Legal fees can vary, but you can expect to pay around SGD$200 to SGD$500.

How long is the typical lease for?

The typical lease term in Singapore is one to two years, with an option to renew. Short-term leases are less common and may come with higher rental rates.

Do I have to pay a deposit?

Yes, a security deposit is required when renting an apartment in Singapore. The amount is usually equivalent to one to two months' rent, depending on the lease term. This deposit is refundable at the end of the lease, provided there are no damages to the property.

What other upfront costs are there when renting?

Other upfront costs when renting an apartment in Singapore include the first month's rent, agent's commission if you used one (typically half a month's rent for a one-year lease and a full month's rent for a two-year lease), and stamp duty, which is a tax on the lease agreement.

Are utilities included?

Utilities are typically not included in the rent and are the tenant's responsibility. This includes electricity, water, gas, and internet. The cost of utilities can vary depending on usage, but you can expect to pay around SGD$150 to SGD$200 per month for a one-bedroom apartment.

Are furnished or unfurnished rentals more popular?

Both furnished and unfurnished rentals are available in Singapore. Furnished apartments usually include basic furniture, kitchen appliances, and sometimes even bed linens and kitchenware. Unfurnished apartments may come with essential appliances like a refrigerator and stove, but no furniture. The choice between furnished and unfurnished depends on your personal needs and budget. Furnished apartments are more convenient but can be more expensive," said one expat living in Singapore.

Expats Talk about How they Found their Home

"I selected my house on its proximity by the sea. I called a property agent; he turned out to be a great help in getting me the unit I'd set my eyes on," commented an expat living in Singapore.

"One of the best ways to find a place to live in Singapore is to use online resources such as property portals, classifieds websites, and real estate agents. Property portals such as PropertyGuru, 99.co, and SRX Property provide comprehensive listings of available properties in Singapore. Classifieds websites such as Gumtree and Craigslist also offer listings of available properties. Additionally, real estate agents can provide assistance in finding a suitable property. They can provide advice on the best areas to live in, the types of properties available, and the rental rates," said an expat in Singapore.