For many individuals, renting a home offers many benefits compared to owning. First of all, renting is often cheaper in the short-term as it does not require a downpayment. Additionally, it provides added financial flexibility because individuals are not locked into a long-term commitment in the form of a mortgage. According to a recent report by Deutsche Bank, the average monthly rent for a 2-bedroom home in Singapore is about S$2,500. That made us wonder: how much does S$2,500 get renters across the world?
What Type of Flats Are Available in Singapore for S$2,500?Example of condo listed for S$2,500 (Source: Property Guru)
With a budget of S$2,500 Renters in Singapore will be available to choose from a range of flats. For example, a variety of condos and HDB flats are listed across the island for S$2,500 or less. However, this amount of money will get you
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