The blunt truth is, most Singaporeans are not enticed by the idea of renting out their home. Some are intentional, dedicated landlords for sure – but for the majority, the thought of chasing rental income, dealing with tenants, having strangers in the home, etc., is outside their comfort zone. And yet, there are some homeowners who have backed out of their original intent to sell, and instead started renting out rooms or the property. This week, we spoke to some about their stories and intentions:

1. Alternative living arrangement allows for rental income instead of selling

JT owns a flat around Tampines Central, which could fetch about $780,000 if sold today (according to a property agent he spoke to). Combined with his wife’s savings, this would suffice to upgrade to a private condo without too many hurdles. This was in fact the couple’s plan back in 2022, but an unexpected change happened:  ...