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Planing to rent a condo in Singapore? Hear from the experienced tenants To be very honest until a few months ago I had no such ideas about the diﬀerence between a condo and an apartment in Singapore. All I had the idea was Condos are nicer apartments and are expensive. Until recently when one of my relatives brought a condo unit in Singapore that I had the chance to understand the diﬀerence between a condo and an apartment and also ﬁnd out some positive and negative points while renting a condo in Singapore. What is a condo? In a condo, each unit is owned by the individual owner, like home ownership. Here some condo owner lives elsewhere and gives the unit on rent. Whereas in case of an apartment, the entire apartment building is owned by a single owner, also known as the property manager. This owner can lease out the units and take care of the entire maintenance work. Pros of renting a condo in Singapore 1. Condos are generally found in great shape, as it was built to sell and attract buyers. Many condos come with modern facilities along with it. 2. Some condos have interior facilities like swimming pool, gym which is enjoyed by the residents living in that condo unit. 3. Renting a condo helps to spend more time with the landlord and in case of any damage ﬁxation, maintenance works are done faster. Cons of renting a condo in Singapore 1. Condo units for rental purposes are hard to find. 2. Renting a condo can be expensive at more cost can be incurred while paying the maintenance bills of the condominium So if you are planning to rent a condo in Singapore, you can follow the basic stepwise After having the basic idea about the city and its property prices, the next step is to search for the appropriate property or the home to rent according to his preference. One can take help of various online property portals from where he can get numerous property listings and house that are available for rent in Singapore. The property seeker can ﬁlter his search according to his property choice and rent preference and get a fair idea. Visiting in person: The next step in selecting few properties from the property portal, the person will now visit the location to judge the property in person and to take the process forward. Viewing the property includes everything that needs to be checked before taking the ﬁnal decision to move to the place, the client needs to clarify every detail about the property, like past renovation, termite issues, etc. One can hire rental estate agents to take care of this searching part. Moving on to negotiation: When the selection is over and the tenant has decided to acquire the property in rent, the negotiation process starts. In Singapore, the rental price is always negotiable and there is no set price. Once both the party ﬁnalize over a particular price the deals get closed and the process is left to the last part that is the paperwork and legal works.
Published on Mar 7, 2018
Published on Mar 7, 2018
find out some positive and negative points while renting a condo in Singapore.