With the current strong leasing competition and oversupply looming with new-builds saturating the market through to 2016, Singapore has moved firmly into a tenant’s market. This is a time for landlords to keep their expectations realistic: rental prices have been falling and there is no point hanging out for higher offers when tenants are spoilt for choice.
Options for staying competitive include: reducing rentals, providing new appliances, renovating any ageing kitchen or bathroom and painting. Maintenance costs for air-cons, garden, pool or pest control could be included in the rental price, or membership at a nearby club.
It wasn’t too long ago when tenants queued with their chequebooks in hand; now properties are averaging two to three months on the market. Landlords would also be wise to look after and hold onto good tenants, even if it means reducing the rent.
For more on the best areas to live, see our neighbourhood round-up here, plus lots of specific area guides by expat residents here.
Flick through the gallery above to see photos from our highlighted properties this month. If you like any of the apartments or houses, email email@example.com or call 6255 1027.
Perfect Penthouse: Mill Creek
This “as new” three-year-old penthouse in a boutique condo is available for rent from early April. It features three bedrooms and bathrooms, a lounge, an American kitchen with a breakfast bar, a balcony and a large rooftop deck for alfresco dining with stunning city views; there’s also direct access to the condo’s rooftop pool.
Within walking distance of an MRT station and lots of buses, it and has easy access to the park connector towards Bedok Reservoir and East Coast Park, and numerous playgrounds. Ideal for a working couple or a family with one or two children.
Size: 1,916 sq. ft
Tranquillity and Taste: Ventana
Move-in ready, this freehold apartment with private patio has very good wardrobe space in its three bedrooms, two of which are en suite, plus a fully renovated kitchen with new appliances, and brand new air-con units and condensers. The location, on the top of Pasir Panjang Hill, is peaceful.
Size: 1,520 sq. ft
Connection Convenience: Lorong 110
This corner terrace with a pleasant garden area is perfectly located on a quiet suburban road, but still only a seven-minute walk from Kembangan MRT station, close to various eateries and with immediate access onto the East Coast Park connector path – great for active families. Four good-sized bedrooms, all with attached bathrooms, a well-appointed kitchen and plenty of storage space make this is a convenient home that ticks all the boxes. Available at the end of April.
$5,700 RENT (neg.)
Size: 3,000 sq. ft (approx.)
Type: Corner terrace
Delight at D’Manor
A five-minute walk from Tanah Merah MRT station, this high-tech, fully furnished townhouse is located in resort-like cluster housing. One of the prime units, it faces onto a quiet road and has its own driveway and parking space. A large basement is set up as an entertainment room with projector and screen, pond and waterfall features and an outside patio. There are four good-sized bedrooms plus a maid’s room, and a family area on the third floor, all with the privacy and space of a house but the convenience of the communal pool, gym, barbecue and playground.
$6,700 RENT (neg.)
Size: 3,444 sq. ft
Type: Cluster townhouse