Sunday, June 19, 2011

Singapore studio rent

Flat rents are very expensive in Singapore, especially in the central locations. And reducing the burden of rent has 3 only ways: rent as less square feet as you can, rent as far from city center as you can, rent an HDB instead of a condominium unit if you can. Studio rent in Singapore is a good choice for mostly young, single local professionals or expats working and living here in Singapore. This group of people do not need a larger place more than a 1 bedroom flat and prefer to be in a more central location/near work and can sacrifice on size.

Currently rental prices are very high even for these units. This will probably change soon since the army of flats which are purchased in the recent boom of 2009-2011 will be completed and many of them will be available for rent (or the unit from which their owner will move). And if you can, it is better to rent an HDB then private in terms of convenience (more amenities around HDBs) and price. But if you chose to rent a private studio unit or 1 bedroom flats, you have plenty of options.

First the high end: Professionals working in Central Business District (CDB) such as Raffles Place, Tanjong Pagar can look at projects like International PlazaIcon or The Sail @ Marina Bay. Currently 1+1 flats (1 bedroom and a living room) are advertised around 4,000 SGD per month in Icon and around 4,500 SGD per month in The Sails. Newly completed One Shenton in District 01, at the heart of Business District has 1 bedroom flats offered from 3,800 SGD per month. These flats are not small either, they are 581 sqft (54 sqm).

Leonie Studio is a 32-storey condominium with  located at the prime residential area at Leonie Hill, directly behind Orchard Cineleisure and Ngee Ann City mall. It is within walk distance to Somerset MRT Station and Orchard MRT Station. In my opinion it is a better alternative to CDB ones since life in CDB dies in the night while this one is just next to Orchard Road. Only disadvantage is the upcoming construction of Twin Peaks residences but still this is a problem if a unit is looking to that side. Rents for 1+1 units in this development is around 4,000 SGD per month based on asking prices (there is always room for negotiation in Singapore).

Let's go to mid range. Check out our article Cheap serviced apartments / studios in Singapore for units above 2,000 but below 4,000 SGD per month.

Liang Seah Place is an interesting alternative worth to check, especially for those working in Suntec City or on the green line (including CDB). It is composed of studio to 2+1 units in a restored building very near to Bugis MRT Station and Suntec City. Studio units here starts for 2,000 SGD per month and the prices differ between 2,000 to 3,900 SGD per month depending on the unit size.

Liang Seah Place (you can see a tower of Suntec City behind)

iDeal Home advertises several studio units (as well as room rentals) in this web site. They have units like Dalvey Road Studio for 2,850 SGD per month as well as People Park Complex units going for 1,900 SGD per month.

Notice : If you are looking for cheap short term rentals rooms and apartments in Singapore, you can check out our article here.

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