Negotiating Apartment Rent

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
grfisher
Newbie
Newbie
Posts: 2
Joined: Wed, 19 Mar 2008 4:33 am
Location: Portland, OR

Negotiating Apartment Rent

Post by grfisher » Fri, 04 Jul 2008 10:47 am

Hi,

I am moving to Singapore in a few weeks. I've already found several apartments online that look great and I was wondering, from all your experience, how much negotiation room there is on the cost. I've heard there is some, but am curious to hear your real stories.

For example, if something is listed at $4000 a month, is that firm? Or if not, what do you think I should offer?

Thanks a bunch! :)

Greg

Singapore Property Search

 

User avatar
sierra2469alpha
Editor
Editor
Posts: 1381
Joined: Tue, 27 Feb 2007 10:50 am
Location: Singapore (Finally!)

Post by sierra2469alpha » Fri, 04 Jul 2008 11:10 am

Greg - a fair bit - ours wast listed at 8200 and we got it for 7600 after having our agent go in at 7300. Admittedly, our agent was fantastic, and much of what you get will depend on her/him. HTH! Good luck with your move! P

bruinbear
Regular
Regular
Posts: 130
Joined: Sun, 15 Jun 2008 10:19 pm
Location: Singapore

Post by bruinbear » Fri, 04 Jul 2008 10:14 pm

Can offer 20% less. Market slowing down I think. Be prepared to settle maybe 10% to 15% less than listed price.

ravechicsg
Newbie
Newbie
Posts: 2
Joined: Sat, 06 Sep 2008 8:29 pm

Post by ravechicsg » Sat, 06 Sep 2008 9:27 pm

You should be able to get the apartment at a 10% - 12% discount on the initial asking price. Take note though, some units are already priced very low to attract more tenants, and for those units, the most discount you will be able to get is $100 to $200.......

rendl42
Newbie
Newbie
Posts: 7
Joined: Sun, 07 Sep 2008 9:01 am

Post by rendl42 » Sun, 07 Sep 2008 9:13 am

Our place was initially 8500 and we got it down to 6500 for a 2 year lease. Others in same block would only go to 7000.

There are good discounts to be had, but in 12 months or so, the asking price could be even less due to potential softening of property market.

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 4 guests