condo for rent
frequently asked questions
renting
Simply click on ‘Condominiums’ to search for various properties available across Singapore.
- Determine your budget
- Determine the location and type of property you want to live in
- Arrange to view the property
- Sign the Letter Of Intent (LOI) and pay the Good Faith Deposit
- Sign the Tenancy Agreement (TA) and pay the Security Deposit and advance rental
- Proceed to pay the rental Stamp Duty to Inland Revenue Authority Singapore (IRAS) – Typically 0.4% of total rent for the period of lease.
- Get ready to move in!
For a more detailed guide to renting in Singapore, click here.
A tenancy agreement is a legally binding contract between a landlord and the tenant. It protects both parties in the contract.
The standard terms in the TA states the terms and conditions the landlord and tenant have mutually agreed on. It is a contract which can be referenced in the event of any disagreements and spites.
A security deposit is typically 1-2 months rent depending on the lease term. The landlord holds the security deposit until the end of the lease term. It is used for security purpose.
- A valid Singaporean IC
- Singapore Permenant Resident
- Valid Employment Pass EP, or Work Permit WP (e.g. S Pass)
- Student Pass
- Dependent Pass
- Long-term Social Visit Pass
You may submit an application to the relevant authority for a PR status in Singapore, after you have been granted an Employment Pass (EP).
For more information on these services, please contact us directly.
buying
The Loan-To-Value (LTV) rate for bank loans is capped at 75% of the property value or purchase price (whichever is lower). The remaining 25% is split into 5% and 20% respectively.
5% – Cash
20% – Cash and/or CPF
75% – Bank Loan
Private property owners who wish to purchase a BTO flat from the government, must dispose of their private property at least 30 months before applying for a BTO flat.
Private property owners who intend to buy a resale HDB flat from the open market, must dispose of their private property within 6 months of signing the Option-To-Purchase for the resale flat.
You may use your CPF Ordinary Account (OA) to purchase a property in Singapore. The amount you may utilise is subject to the Valuation Limit (VL) and Withdrawal Limit (WL).
Valuation Limit – Refers to the market value or purchase price of the property, whichever is lower.
Withdrawal Limit – Refers to the maximum amount of CPF you can utilise for your property, capped at 120% of VL.
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