Purchasing a Built-To-Order (BTO) flat in Singapore is a milestone many couples look forward to in adulthood. Since COVID-19 has put on hold many BTO plans, and living with parents or in-laws are no longer an alternative, is short-term apartment rental the solution?
The process of obtaining your first-ever apartment is tedious enough as it is, and it just got harder this year. The Straits Times reported that due to the lack of manpower and disruptions to supply chains attributed by COVID-19, 43,000 households have been affected, resulting in the delay of key collection for couples. Many have looked into other alternatives to tide them through. Searches for short-term apartment rental, fully furnished flats and even renting condominium units have been on the rise. The question is, what options do you really have? We've narrowed it down to three.
- Serviced Apartments
One of the reasons to opt for serviced apartments is the flexibility they offer in terms of the length of stay. Serviced apartments usually have a minimum stay of 6 nights and many are located near the central business district. They offer a suite of services such as a functioning kitchen, housekeeping, and washing/ drying facilities. On top of that, they come fully furnished with furniture, giving you more time to focus on the things that matter instead of spending time and money on necessities. In Singapore, you can find serviced apartments offered by Citadines, Frasers Hospitality, Oakwood, and our very own Hmlet Cantonment.
2. Traditional Shared Housing
Traditional shared housing or flat sharing is another viable option. The minimum rental period for these properties is longer than that of serviced apartments. Public properties, also known as HDB flats, have a minimum stay of 6 months while private properties such as condominiums and landed properties require a minimum stay of 3 months. The rent varies depending on the type of accommodation. Ranked from the least to most expensive are shared HDB flats, condominiums, and houses and followed by renting of entire HDB flats, condominiums, and houses.
Pricing will also vary depending on the location, transport connections within the vicinity, distance from entertainment hubs, and the maturity of the estate. The usual suspects for this option would be 99.co, Property Guru and Oh My Home. Although it's worth mentioning, going down this route also means dealing with agents or landlords who may be strict with their rules and requirements.
Many might confuse shared housing or flat sharing with coliving. The biggest difference would be that coliving comes with a community. At Hmlet, we offer community through curated events and other services including a dedicated Member Experience Manager who will be assigned to you to help you with your needs throughout your stay. Our homes are also flexible to suit your lifestyle – need a desk and office chair for work from home? Need a balcony to practice yoga or meditation? There's something for everyone. Other things you can look forward to would be a Hmlet Member app, where you can access exclusive partnerships and deals and also manage your bills with zero fuss.
Even though your stay in these short term rental solutions will be short-lived, you still get to make the best out of it. Whether you're open to living and meeting new flatmates, or much prefer a private apartment with the option to join community events when you feel like it, Hmlet has something that's going to work for you. Did we mention that pets are welcomed at Hmlet too? You'll find that the things to look out for in pet-friendly apartments can be found in our Hmlet homes.