Before anything else, let us realise there is no right and wrong in financial and real estate decisions. If you prefer to purchase and not rent an apartment in Singapore, by all means, sign papers and get the property of your dreams. However, for those who prefer leasing because of flexibility, there are a few reasons why you might be making the right decision, and here’s why:
REASON #1: SAVE MONEY
In Singapore, accommodation options and apartments can be costly regardless if you purchase them through flexible options or rent a place for flexibility. In the case of leasing real estate, you will save money in some instances, such as when you have no long-term plans to stay in an area. On the other hand, you only might have a short goal that does not involve financial goals stretching until your retirement age.
REASON #2: FLEXIBILITY
Put a premium on flexibility, and you will choose an apartment for rent in Singapore instead of purchasing one you will call your own. If you are someone young and carefree who loves the ease of moving from one place to another, then the leasing route is obviously superior and will meet your needs. Having a lesser amount of commitment is another plus point because you can choose to leave your existing rental or extend it.
REASON #3: AVOID OWNERSHIP COSTS
Everyone is in the place to believe that there is money in real estate or that a property offers great financial returns to those who maximise them. However, most people do not know the cost of ownership that comes with a property. So, you can look for the best serviced apartments in Singapore instead of investing in one if you are still not ready to undertake such financial responsibilities. (Tip: It differs for every case and situation, so ask the relevant people or learn about the real estate market.)
REASON #4: LIVE AT YOUR OWN PACE
Owning a property is always a great idea for those wanting to settle and start a life, but if you want to live at your own pace and stop pressuring yourself, renting is fine! You can consider serviced apartments with a long term contract in Singapore or get shorter plans because of your temporary career in a particular place. In short, leasing means freedom!
Visit Great World Serviced Apartments, and check their website to explore their property offerings and all things real estate.
