The most affordable condo rentals in town, right now

By EdgeProp Singapore / EdgeProp | January 18, 2018 6:08 PM SGT
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For most people, it’s pretty easy to identify what they want in a rental condo: space, location, proximity to the MRT, beautiful flooring and perhaps even somewhere close to their favourite makan places. It is finding all of those things within one’s budget that is the real challenge.
For instance, if you’re planning to rent a two-bedroom unit in Singapore’s prime districts or the Core Central Region (CCR) – which covers areas like Bukit Timah, Holland Road, Novena, Orchard and River Valley – then be prepared to fork out an average of $4,305 a month.
Of course, there are still pockets within the prime residential districts that are relatively more affordable. After crunching data from CCR rental transactions in the 12 months of 2017, we have come up with a list of the city-state’s 10 most affordable private condos for two-bedroom rentals within the prime districts.
The list is based on data obtained from the Urban Redevelopment Authority (URA) detailing average monthly rental costs of non-landed residential projects with at least five sales transactions and five rental contracts in 2017.
While some of these properties tend to be older, they certainly offer value for your money – about half of our picks cost just under $3,000 a month to rent, that’s roughly 30% lower than the CCR average of $4,305 a month. The rate is also comparable to projects located within the city fringes or the Rest of Central Region (RCR), in which rental for two-bedroom units cost an average of $3,240 a month.
Avg. monthly rental: $2,733
Suites@Newton sits on Surrey Road and is located just a stone’s throw away from United Square and Square 2, so you’ve got all your retail, grocery and F&B needs covered.