Personal Finance
The Top 5 Most Affordable Neighbourhoods in Singapore for Renters
By ValueChampion  •  June 27, 2019

There are a number of reasons why individuals may choose to rent a home rather than purchase one. For example, some HDB rules and grants make it harder for some individuals to purchase flats. Others may have a hard time getting approved for a home loan, or may prefer to avoid this financial burden altogether. Perhaps based on these factors, renting has become an increasingly popular practice in Singapore. In order to help renters understand the market and find an affordable place to live, we analysed updated rental prices and provided tips on reducing their rental cost.

Rental Prices Vary Significantly by Neighbourhood

As renters might suspect, certain areas of the island are significantly more expensive than others. For example, we found that the median monthly rent for a 4-room HDB flat in Central (S$2,700) is S$1,000 more than in Bukit Panjang and Choa Chu Kang. It

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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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