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 …