Tips On Looking For Rental Property In Singapore

By Author: Sam Suresh
Total Articles: 3
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Singapore is a busy and densely populated city. Foreigners often have trouble finding a place to stay or do business, due to the stringent laws regarding property rental. This law forbids foreigners from owning property in Singapore.

Singapore is a busy and densely populated city. Foreigners often have trouble finding a place to stay or do business, due to the stringent laws regarding property rental. This law forbids foreigners from owning property in Singapore. On the other hand, many natives of Singapore are not able to buy their own property in Singapore due to various reasons. One of them is the financial implications for buying real estate. Property rental is a viable alternative to buying property, as it does not involve huge amounts of money. In addition, people staying in Singapore for a short time might prefer property rental to buying.

Renting a landed property costs much more than renting a flat or a room. The rates can go as high as $30,000 per month for a landed property. This is mostly because of the limitations in options for landed housing, that serve to drive their prices upwards. However, landed ...
... housing has special features that endear them to many people looking for property in Singapore, such as provisions for privacy, space and sometimes a backyard. Most of these landed houses are terraced and semi-detached. For such a city with limited free land, Property in Singapore occupies a lot of significance for the residents and foreign investors.

Property in Singapore developers have embraced the idea of building as high as they can to deal with the problem of land scarcity. High-rise buildings are the norm in the Singapore real estate industry and they are rated among the highest in Asia. Among the rental property you will sample in Singapore include: apartments, condos and Housing Development Board flats that make up Singapore's public housing sector.

Much of property rental in Singapore is made up of shops with rental residential houses on the upper floors. This trend started in the 17th and 18th centuries during which trade was booming in Singapore. Some people rent and even sell the third and fourth floors of these rentals. Specific areas of Singapore associated with these shop houses include Emerald Hill, Joo Chiat and Chinatown. In addition, there exist some old colonial houses, which are now government-owned and are not connected to each other by a wall. They are only for rent and cannot be offered for sale.

In order to find the best property rental in Singapore, you should consider hiring a good real estate agent who will make the exercise very easy. A property agent knows the tricks and pitfalls involved in the industry. He is in a better position to advise you regarding property in Singapore. The concerns you put forth to an agent will help him find what you need.

A good real estate agent is one who can properly analyze the market forces and come up with an analysis of the market prices for the property in Singapore. Otherwise it would, almost, be next to impossible for a foreigner to find the property rental that he needs; where everything is as it should be for the buyer. Normally, this requires payment of some form.
Resource: http://www.realestateagent-singapore.com/