Some Key Tips for Renting a Place in Singapore – Part 2 – Choose the right Districts
What needs to be checked when you want to rent a place in Singapore? Treasure at Tampines share with you several things to be noted.
Figure Out the Residential Districts in Singapore
Please understand that Singapore’s real estate is not much different from all other real estate markets on the planet. If you have ever asked tried-and-proven real estate agents what the secret is to the property industry in Singapore, whether as a buyer, a seller, or a renter, they would tell you three things. These are all the secrets of real estate practice, gathered throughout all the years condensed into three words. What will they tell you?
It does not matter whether that person’s first language is English, Mandarin, Spanish, French, German, or Tagalog. That person is going to tell you, “It is all about location, location, location.” This is true when it comes to Singapore. You have to understand that the most expensive piece of real estate in this city-state is the central business district. We are talking sky-high rents.
If you have been sent by a multinational corporation on a multi-year contract to oversee their local operations in this part of the world, you probably will not flinch at the rental rates at the city center. On the other hand, if you are a graduate student on a limited budget, you probably need to pay close attention to the districts that you are considering.
Avoid Districts which are far away but charge more
This is crucial because a lot of districts that are far away from the city center or the central district charge a lot of money. If you do not know what you are looking for, and if you do not know how districts work in Singapore, you might end up paying through the nose because you are thinking, “Well, this is how much rent is in Singapore anyway.” Wrong!
If you are in a fairly faraway district, please understand that there is an average rent rate there. It is your job before you even come to Singapore to know about this. Otherwise, you are going to get taken for a ride. Please understand that there are a lot of people from all over the world who are more than happy to “work for you to get you a place to stay,” but if you do not know how to check them, do not be surprised if you end up paying way more money than you need to.
Hope this post shared by Treasure at Tampines, will get you prepared if you want to rent a place in Singapore.