The Reasons Why It Makes More Sense To Rent Your Home Rather Than Buy It In Singapore

People are always telling us that we need to get onto the first rung of the property ladder but many don’t seem to understand that there are many advantages to be enjoyed by continuing to rent your home. There is always an alternative to anything in this life and if you own a large property then there are a lot of responsibilities that come with that including financial and maintenance. You pay out a significant amount of your salary in mortgage payments every single month and this is not conducive to living a better life at all.

You can always take advantage of rent HDB here in Singapore and this provides you even more benefits because the costs of living in such a property are significantly reduced. There is no doubt that having a home is a basic need that we all have but there is nothing to say that we have to buy a property rather than just renting it.

The following are some of the reasons why it makes a lot more sense to rent your home rather than buying it outright.

It is certainly cheaper

If it is your wish to live in a city and to enjoy everything that comes with city life then buying a property is probably well out of your price range. You can still live there however and enjoy everything that the city offers and you can do that by renting your home. There are many cities throughout Singapore where it is cheaper to rent your home rather than trying to buy it outright.

It definitely saves you money

Many people forget about the amenities that come with renting certain properties and if you were to live in a condominium building for example or in an apartment building then you would get to enjoy many things like a gymnasium, a coffee shop at the foot of the building, your very own swimming pool and so many other things that you would normally have to pay for and drive to. It means that you will have a lot more money in your wallet or purse to enjoy the other things in life.

You have more passive income

If you have committed yourself over the next 30 to 35 years to a mortgage then you have to come up with a certain amount of money every single month without fail. It doesn’t matter if you run into financial difficulties because your lending institution wants to be paid in full and on time. By renting your property, it will be significantly cheaper and you will always have money available to you and this is additional income that just makes life easier.When you rent, you will have a lot more time and money on your side and if any major maintenance needs to be carried out around the property then you talk to your landlord or property manager about getting it fixed.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

UK monthly property transactions for May 2025

Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 81,470, 12% lower than May 2024 and 25% higher than April 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 80,530, 13% lower than May 2024 and…
Read More
Breaking News

Construction Skills Mission Board (CSMB) shows the Government has a plan

The Construction Skills Mission Board (CSMB) held its first board meeting today (26 June 2025), where it set out a roadmap for recruiting 100,000 more construction workers a year by the end of Parliament. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The Construction Skills Mission Board (CSMB) is a recognition…
Read More
Paint Stripper Tools
Estate Agent Talk

5 Strategies to Optimise Your Warehouse for Real Estate

The term fixer-upper can mean many things, from ‘slap some paint on the walls and it looks brand new’ to ‘will this building collapse if we open the front door?’ Indeed, in the dicey world of commercial property acquisition, each warehouse you buy will probably fall into both camps. Thinking about the viability of warehouses…
Read More
Breaking News

HMOs sell for up to 50% above market average

New research from Excellion Capital, the boutique debt advisory and investment firm, reveals that HMOs sell for as much as 50% above the average house price, further increasing their investment potential after it was revealed that HMOs also create rental yields of up to 12.5%. After previous research from Excellion Capital recently showed that the…
Read More
Breaking News

UK buyers struggle while 50,000 homes sit empty

As the UK housing crisis deepens, new analysis by Open Property Group exposes a worrying surge in so-called “zombie homes”- properties that sit unoccupied and deteriorating while millions struggle to access affordable housing. Key insights: 50,000+ long-term vacant homes in England alone 23,000+ of these have been empty for more than two years Estimated £13.6…
Read More
Breaking News

Breaking Property News 26/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   The UK is Europe’s second most distressed market despite headline GDP growth Retail and Consumers Goods has emerged as the most distressed sector in Europe, with distress levels now the highest since the global financial crisis, according to the latest Weil European Distress Index (WEDI). The…
Read More