{"id":48930,"date":"2023-03-20T17:10:17","date_gmt":"2023-03-20T09:10:17","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=48930"},"modified":"2024-01-18T18:12:42","modified_gmt":"2024-01-18T10:12:42","slug":"how-save-on-rental-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/how-save-on-rental-2023\/","title":{"rendered":"Renting in 2024? Here’s how to save on rental rates"},"content":{"rendered":"
<\/div>

With a combination of various factors such as cooling measures, construction delays and sky-high property prices, rental rates have surged over the past three years<\/a><\/span>.\u00a0<\/span><\/p>\n

Drawing from personal experience of renting<\/a> for more than a decade, here are 5 ways you can save on rental.\u00a0<\/span><\/p>\n

1. Live outside of the central area<\/span><\/strong><\/h2>\n

If you have the choice of working from home and don\u2019t need to commute to work daily, renting outside of the Core Central Region (CCR)<\/a> will be lighter on your wallet. The closer you get to the prime districts, the higher the rent. Here are the various districts located in each of the regions.\u00a0<\/span><\/p>\n\n\n\n\n\n\n
Singapore Regions<\/b><\/td>\nDistricts<\/b><\/td>\n<\/tr>\n
Core Central Region (CCR)<\/td>\n9, 10 and 11, and parts of 1, 2, 4, 6 and 7<\/td>\n<\/tr>\n
Rest of Central Region (RCR)<\/td>\n3, 8 and 12, and parts of 1, 2, 4, 5, 6, 7, 13, 14, 15 and 20<\/td>\n<\/tr>\n
Outside Central Region (OCR)<\/td>\n16 to 19, 21 to 28, and parts of 5, 13, 14, 15 and 20<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Renting apartments in the Outside Central Region (OCR) is the most affordable, followed by the Rest of Central Region (RCR)<\/a>.\u00a0<\/span><\/p>\n

\"ccr,<\/a><\/p>\n

Rental rates of 2-bedroom condos in the three different regions in the past 15 years. Here\u2019s the average rent and volume for the whole of 2023:\u00a0\u00a0<\/span><\/p>\n\n\n\n\n\n\n
Location<\/b><\/td>\nAverage price psf<\/b><\/td>\nAverage price<\/b><\/td>\nVolume<\/b><\/td>\n<\/tr>\n
CCR<\/td>\nS$6.35<\/td>\nS$6,067<\/td>\n5,342<\/td>\n<\/tr>\n
RCR<\/td>\nS$5.62<\/td>\nS$4,556<\/td>\n7,326<\/td>\n<\/tr>\n
OCR<\/td>\nS$4.78<\/td>\nS$3,823<\/td>\n7,570<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It\u2019s not just the rental that comes with a higher price tag in the central region. You\u2019ll find that essential amenities such as restaurants, supermarkets, convenience stalls and entertainment options are also more expensive.\u00a0<\/span><\/p>\n

Plan on purchasing a property instead? Check out recent property price trends here: Singapore\u2019s 28 districts mapped across Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR)<\/a><\/p>\n

<\/div>\n

2-bedroom condos for rent<\/h4>\n
\n \n
\n