Renting in Singapore

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
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Saurheledion
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Renting in Singapore

Post by Saurheledion » Mon, 30 May 2011 6:26 am

Hey there, I'm a student from the US who will coming to Singapore this August. I'll be studying here for the next two years. I was thinking I'd rent a space for 1 year with the option of renewing. I just had a couple of questions about renting that'd I really would like to run by you guys if its ok?

I'm starting to educate myself on the finer details of the Singapore leasing market. As I understand it, and please correct me if I'm wrong, there are agents who represent landlords and there agents that tenants can employ to find an apartment on their behalf. If I approach an agent representing a landlord for a particular property, then in a sense that agent is working on the behalf of both myself and the landlord and thus will be wanting 1/2 a month's rent comish from the both of us (if the lease is for 1 year)?

Now as I understand it these are general guidelines, and that since I put forth the effort of finding the place myself I could theoretically refuse to pay comish but then risk not gaining the flat simply because the agent can refuse me?

If so, then I suppose it would be in my best interest to just find an agent to find a place for me who I will still have to pay 1/2 a month's rent, but will at least be on my side pushing for lower rent and making sure the contract carries these changes:
http://forum.singaporeexpats.com/ftopic60579.html. Then my agent finds a place and negotiates with the landlord's agent, and each gets a 1/2 month from their respective client and I'm out no more money than if I had done all the work myself?

Or is that too much to hope for?

As a side question, I'm going to be rooming with 2, 3, or possibly even 4 other students depending on how we divide ourselves up when we all meet in August. This may be just a dream on my part and I'm just beginning to learn about the different districts so maybe this isn't in my best interests, but I was kind of hoping for for a place in Chinatown close to an MRT where my share would be at tops $900 SGD or maybe even lower. Is that feasible?

I really appreciate any and all assistance in this matter. Thanks!

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sundaymorningstaple
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Post by sundaymorningstaple » Mon, 30 May 2011 6:59 am

The best assistance you can get is to go a good read of this forum where this question is a weekly if not daily question. See particularly, new CEA rulings on agents.

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beppi
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Post by beppi » Mon, 30 May 2011 7:08 pm

My advice: Go without agent!
To come up with a rental contract for four people sharing a flat, and to find a landlord comfortable with this, is way beyond the average intelligence of this species.

matchbox
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Post by matchbox » Tue, 26 Jul 2011 9:53 am

check out some local websites for renting options...
e.g. http://www.flatsdb.com/ or of course this website! :o

ChicaDelMar
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Post by ChicaDelMar » Thu, 04 Aug 2011 1:20 pm

I haven't seen anything that looks reasonable for less that $1100. The rental prices are absolutely ridiculous!!

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nakatago
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Post by nakatago » Thu, 04 Aug 2011 1:27 pm

ChicaDelMar wrote:I haven't seen anything that looks reasonable for less that $1100. The rental prices are absolutely ridiculous!!
If that's a whole flat, it's amazing that you even found one.
If it's a room, that is redonkulously expensive.

(yeah, I know it's the latter, ok?)
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Shawn2880
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Post by Shawn2880 » Thu, 25 Aug 2011 11:12 am

rooms normally cost btw 500-900, of course depending on locations and conditions of the room

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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 25 Aug 2011 11:31 am

Just joined

two posts

both real estate orientated

spidey-sense tingling

tic...toc...tic...toxic....
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

luminoso
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Re: Renting in Singapore

Post by luminoso » Fri, 23 Sep 2011 5:49 pm

Saurheledion wrote:Hey there, I'm a student from the US who will coming to Singapore this August. I'll be studying here for the next two years. I was thinking I'd rent a space for 1 year with the option of renewing. I just had a couple of questions about renting that'd I really would like to run by you guys if its ok?

I'm starting to educate myself on the finer details of the Singapore leasing market. As I understand it, and please correct me if I'm wrong, there are agents who represent landlords and there agents that tenants can employ to find an apartment on their behalf. If I approach an agent representing a landlord for a particular property, then in a sense that agent is working on the behalf of both myself and the landlord and thus will be wanting 1/2 a month's rent comish from the both of us (if the lease is for 1 year)?

Now as I understand it these are general guidelines, and that since I put forth the effort of finding the place myself I could theoretically refuse to pay comish but then risk not gaining the flat simply because the agent can refuse me?

If so, then I suppose it would be in my best interest to just find an agent to find a place for me who I will still have to pay 1/2 a month's rent, but will at least be on my side pushing for lower rent and making sure the contract carries these changes:
http://forum.singaporeexpats.com/ftopic60579.html. Then my agent finds a place and negotiates with the landlord's agent, and each gets a 1/2 month from their respective client and I'm out no more money than if I had done all the work myself?

Or is that too much to hope for?

As a side question, I'm going to be rooming with 2, 3, or possibly even 4 other students depending on how we divide ourselves up when we all meet in August. This may be just a dream on my part and I'm just beginning to learn about the different districts so maybe this isn't in my best interests, but I was kind of hoping for for a place in Chinatown close to an MRT where my share would be at tops $900 SGD or maybe even lower. Is that feasible?

I really appreciate any and all assistance in this matter. Thanks!
Just forget about agents.. they are blood suckers and many on this forum have posted horror stories about how agents have treated them.

EasyRoomMates is one option.

RentDirect is another (better) option IMO.

Both are paid services but whatever money you pay is going to be a pittance compared to the commission that you will have to pay to an agent - and you will be able to get stuff done quicker too.

Agents = earning profits from BLOCKING ACCESS to information. They do not add value at all.

fxman
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Post by fxman » Mon, 03 Oct 2011 1:12 pm

All boils down to your budget in the end. If you do not wish to pay for agent fees, invest more time on searching on the internet for some websites on room rental in Singapore. Save cost, stay in HDB apartment.

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