Property
Is it Cheaper to Rent or Buy a Home? It Depends on Where You Live
By ValueChampion  •  October 9, 2018
One of the most important financial decisions in your life is choosing to purchase a home. Timing is everything with this decision, which can make it a particularly tricky one. For example, prospective first-time homebuyers are often unsure if they should still be renting or if they would be saving money my purchasing a home. In order to evaluate where in Singapore home buyers would be better of renting or owning homes, we analysed data from the Housing & Development Board to estimate the cost of renting versus the cost of purchasing a home in different neighborhoods within Singapore. It is Cheaper to Purchase a Home Compared to Renting in Most Neighborhoods Our research indicates that in almost all neighborhoods in Singapore, it is cheaper to own a home than to rent a home. We estimate that Central is the only neighborhood in Singapore where it is cheaper to ......
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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