This is my first time having rental renewal since being in Singapore. Need advise urgently....



The place I'm currently renting now had a recent change in owner, and my TA is also expiring in mid-Feb 2013.
My new landlord wants to raise my current rent to match the fair market price. It is true I'd been paying below the market rate for the past 2 years, the increase is quite hard to chew on since I have been a good and fuss-free tenant.
To cut the story short, I guess I am down to only 2 options
a) stay put, accept the price hike. But since I am not "technically" shifting out and moving back in, am I still entitled for the typical conditions (like a new tenant) to be put forth into the new TA since I'm like paying quite a significant increased rental ?
b) Find a new place and move out. However, in such a short span of time, I don't think I can find another new place to move out immediately. Can I still pay the same amount of rent that I am paying currently, or my Landlord can already demand an increased amount for the next 1-2 months time I need to find a new place and move out ? And can my landlord basically evict me if I don't accept his terms even for these 1-2 months ?
Appreciate urgent advise!!!!
Thanks
Natalie