Frequently Asked Questions
1. How do I know if my condo rent is fair in Singapore?
To determine if your rent is fair, you should compare the asking price with recent transaction data from the Urban Redevelopment Authority (URA). SG Rent Check simplifies this process by allowing you to input a condo name and bedroom count to see how a specific asking rent stacks up against official market benchmarks.
2. Where does the rental data on SG Rent Check come from?
All rental comparison data is sourced directly from the URA (Urban Redevelopment Authority). This is the most reliable and official source for property transaction and rental data in Singapore, ensuring that the benchmarks you see are based on actual signed contracts, not just listing prices.
3. Can I compare rental prices for HDB flats on this site?
Currently, SG Rent Check focuses on the private residential market (Condominiums and Apartments). For HDB rental data, it is recommended to check the HDB Map Services or official HDB rental statistics, though condo data remains the primary focus of this comparison tool.
4. Why is there a difference between "Asking Rent" and "URA Market Data"?
Asking rent is the price a landlord hopes to get, often found on property listing portals. URA data represents the actual prices at which units were successfully rented out. Using a tool like SG Rent Check helps you identify "overpriced" listings and gives you leverage during price negotiations.
5. How often is the Singapore rental data updated?
The URA typically releases rental data on a quarterly or monthly basis. SG Rent Check reflects these official updates to ensure users have access to the most recent trends in the Singapore property market.
6. Does the number of bedrooms affect the rental benchmark?
Yes. Rental rates in Singapore vary significantly based on unit size. Our tool allows you to filter comparisons by 1 BR, 2 BR, 3 BR, 4 BR, or 5+ BR configurations to ensure you are comparing "apples to apples" within the same development.
7. Is SG Rent Check free to use for tenants?
Yes, SG Rent Check is a free resource intended to promote transparency in the Singapore rental market. It empowers tenants with data-driven insights to make informed decisions before signing a Tenancy Agreement (TA).