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As an aside, rent is public information in Singapore, at least for private rental (not for rentals of public housing). Since all tenancies need to pay a stamp
by refurb 3y ago
As an aside, rent is public information in Singapore, at least for private rental (not for rentals of public housing).
Since all tenancies need to pay a stamp tax to be legit contracts, the government lists every contracts rental price on a website.
https://www.ura.gov.sg/property-market-information/pmiResidentialRentalSearch https://www.ura.gov.sg/property-market-information/pmiReside...
The information is specific to a unit and published monthly (e.g. if 6 units were rented out, there are 6 entries in the database). It’s quite helpful when looking for a place to rent because you can look up the exact building see what people are paying.
The data is obscured a bit because units are described as “50 to 70 sq m”, so while you can guess if it’s a 1 bed or 2 bed, you cant tell if it has 1 or 2 bathrooms, what floor it on, whether it comes furnished or not.
But you can look at a group of transactions that are similar to the unit you’re looking at and get of what the market rate is.