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Singapore’s rental market is known for its diversity, catering to various lifestyles and budgets. Rental costs for private apartments vary significantly based on location, apartment size, and amenities. Understanding these differences is essential for making an informed decision, whether you are seeking a private apartment in Singapore or a 3-bedroom serviced apartment.
Central Business District (CBD)
Renting a private apartment in Singapore’s Central Business District typically comes at a premium due to its proximity to offices, high-end shopping, and dining options. A 3-bedroom serviced apartment in this area offers modern amenities and convenience, but the rental costs reflect the prime location. Tenants pay for accessibility to public transport and the vibrant city life.
East Coast
The East Coast area provides a balance of affordability and lifestyle. Rentals here are lower than in the CBD and Orchard Road, yet the region offers a mix of modern apartments and a laid-back coastal vibe. Families often consider this area for its spacious private apartments in Singapore, as well as its proximity to good schools and recreational facilities.
Orchard Road
Orchard Road is another sought-after neighbourhood, known for its luxury apartments and proximity to retail hubs. Rental prices here are high, making it a preferred area for expatriates and professionals seeking convenience and sophistication. Spacious apartments, including 3-bedroom serviced options, are available, often equipped with facilities like swimming pools and gyms.
Bukit Timah
Known for its greenery and quiet atmosphere, Bukit Timah is ideal for families seeking a more residential environment. While rental costs for larger apartments, including 3-bedroom serviced units, are higher due to the exclusivity, the area’s proximity to international schools and parks makes it attractive to expatriates.
Novena and Balestier
Novena and Balestier provide more budget-friendly options while maintaining close proximity to the city centre. Private apartments in these neighbourhoods cater to professionals and small families looking for value without sacrificing convenience. Apartments here are well-connected to public transport and essential amenities, making them an appealing choice for renters.
Woodlands
For those prioritising affordability, Woodlands offers some of the most economical rental rates in Singapore. This neighbourhood appeals to families and individuals seeking spacious private apartments in quieter surroundings. Though it is located further from the city centre, the area’s amenities and community feel compensate for the longer commute.
Holland Village
Holland Village offers a mix of upscale living and bohemian charm. Rentals here are mid-to-high range, with a focus on boutique apartments and a vibrant social scene. Residents enjoy a variety of dining and entertainment options, making it a popular choice among younger professionals and expatriates.
Jurong East
Jurong East has transformed into a bustling regional hub with significant development in recent years. Rentals here are relatively affordable compared to central locations, and the area offers well-designed private apartments in Singapore with access to shopping centres and business parks. It is ideal for those working in the western part of the city.
Punggol
Punggol is a growing residential neighbourhood offering modern apartments at competitive rental prices. Its waterfront lifestyle and family-friendly environment make it appealing for young families. Spacious units, including 3-bedroom serviced apartments, are available at reasonable rates compared to central areas.
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Sentosa Cove
Sentosa Cove is synonymous with luxury living, offering high-end private apartments and exclusive waterfront views. Rentals in this neighbourhood are among the highest in Singapore, catering to tenants seeking premium lifestyles. This area is ideal for those who prioritise exclusivity and picturesque surroundings.
Rental costs for private apartments in Singapore vary greatly depending on location, size, and amenities. Understanding the characteristics of each neighbourhood allows renters to select options that align with their preferences and budget.
For more information on serviced apartments in Singapore, contact Aurealis Serviced Residence today.
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