If you're an expat looking to stay put in Singapore for the next couple years, it may be financially prudent to sign that rental contract with the option to extend the lease for another year now.
With a record 45,000 leases signed in 2011, and with residential rental demand set to rise in 2012, expats moving to Singapore may find looking for a satisfactory rental property to call home could get a little difficult. Also, signing a rental contract with the option to extend may be effective in helping you lock the current rental in place and protect you against rent inflation over time.
We've done the hard work for you and scope out of the most popular and luxurious rental properties currently available on the market
Caribbean at Keppel Bay
Residents at the Caribbean at Keppel Bay benefit from its proximity to Sentosa, as well as a wide variety of shopping and dining options at Vivocity. The rental for a 1,249 square feet apartment is currently S$6,500 a month.
12 Keppel Bay Drive, Singapore 098641
Ritz Carlton Residences
Luxuries at the Ritz-Carlton include a wide array of services such as housekeeping, 24-hour dedicated concierge, sommelier and doorman services. Rents start from S$16,800 a month for a 2,831 square feet apartment.
57 Devonshire Road, Singapore 239899
RV Suites
A 570 square feet apartment at the recently-completed RV Suites, conveniently located in the desirable River Valley area, is going for S$3,800 a month.
396 River Valley Road, Singapore 248289
Shanghai One
Shanghai One, located in District 10, and close to the Fort Canning Park and Great World City shopping mall, has fully-furnished apartments available for rent. A 883 square feet flat is going for S$4,000 a month.
1 Shanghai Road, Singapore 248180
This article is contributed by Harn Ho. Harn Ho is a Property Analyst providing Data Trend Analysis and Economist Real Estate Insights. She has worked with several international strategic consultancies and is frequently quoted in the media on her views on overseas property investment. She has a MSc Economics (Honours) from Northern Illinois University, and has held a research fellowship at the American Institute for Economic Research. Harn currently writes for Asia Property News. For enquiries, please contact her at harn@voltaireconsulting.com.