Sage-Tips

Is it better to rent HDB or condo?

Aside from the more affordable monthly rent, another advantage of renting a HDB flat is such property come with a lower service and conservancy charges (S&CC) compared to the more expensive maintenance fees of condos. Similarly, maintenance fees are used for the upkeep of private condos.

Is it worth it to rent in Singapore?

Renting Provides For Better Cash Flow Just the cost from your down payment can easily be SG$50,000. Once you factor in renovations, furniture, and white goods, this sets you back thousands of dollars in a short period of time – and these are just initial payments.

What is the difference between 2 room Flexi Type 1 and Type 2?

2-Room Flexi flats come in two sizes – Type 1 measures 36 sqm (387.5 sq ft), while Type 2 is about 45 sqm (484.4 sq ft). This unit is intended for the elderly and smaller households with lower budgets.

Can expat rent HDB?

If you are a non-Malaysian non-citizen (Singapore Permanent Resident or foreigner) renting the HDB flat, you will be subject to the Non-Citizen Quota for Renting Out of Flat. If the quota is reached, only Singaporeans and Malaysians can rent a flat in that neighbourhood/ block.

Can I rent out my HDB and rent another HDB?

Tenants must not be tenants of public rental HDB flats or owners of other HDB flats unless they are: Divorced/ legally separated. In this case, only 1 party can rent a HDB flat from another flat owner. However, they must rent out their own flat within a month after they have rented an HDB flat from another flat owner.

Does Singapore have free housing?

Public housing in Singapore is subsidised housing built and managed by the government in Singapore. Initially built by the Singapore Improvement Trust (SIT) from the 1930s in a similar fashion to contemporary British public housing projects, housing for the resettlement of squatters was built from the late 1950s.

Can 2-Room Flexi be rented out?

Maximum number of tenants allowed To prevent overcrowding, the number of tenants you can have in your flat is limited by your flat type. Please note that 1- and 2-room flats can only be rented out whole — individual bedrooms of 1- and 2-room flats cannot be rented out.

Can 2-Room Flexi be sold?

The short-lease 2-room Flexi flats cannot be resold in the open market or rented out. Applicants who do not need the flat, can return the flat to HDB and HDB will refund the value of the remaining lease of the flat.

Is it better to rent a HDB flat or a condo?

So if you don’t own a car, bike or any other mobility device, renting a HDB flat beats leasing a condo hands down. In comparison, condos are exclusive residential developments and most companies that build such projects assume that their buyers (or tenants) can afford a vehicle.

Are condos in Singapore better than HDB?

Condos are more quiet and peaceful. Previously, we mentioned that the majority of Singapore’s population live in HDB flats, while the rest live in private properties, like condos. Consequently, condos are more peaceful and quiet as there are fewer people living there than in HDB estates.

Should you BTO or buy a resale HDB flat in Singapore?

For many of us first-time homeowners in Singapore, the most common option would be a HDB flat. But then comes the question: to BTO or to buy a resale flat? We all know some of the most common pros and cons: BTO flats tend to be cheaper, while resale HDB flats let you skip on the waiting time… There’s actually a lot more than that!

Are HDB resale flats deprived of facilities?

These days, the argument that HDB resale flats are deprived of facilities is not too valid. Many HDB flats do have community gardens, gyms, basketball courts, and so forth. The facilities are not as extensive as a condo, but they are getting better.