Being a Singaporean, are you also stuck in a common dilemma about whether you should rent or buy a condo? If yes, then don’t worry because you are not at all alone.

Indeed, buying a condo or home in Singapore might not be the best option for everyone. Purchasing a home in Singapore means you need to go through a deal of paperwork and monetary commitments including property taxes, renovations, paying off a mortgage, and maintenance.

However, this is not a workable choice for everyone. If you want to save your hard-earned money and want to enjoy luxury living then contact the Tengah Garden EC developer. Tengah EC is a luxury project that is located in the heart of Tengah town.

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In this blog, you will come across a few reasons that state why renting is better than buying a condo or home.

Renting ensures good cash flow

Purchasing a home in Singapore simply means a great deal of monetary commitment. The cost of the down payment is going to cost you almost S$50,000 and even more depending upon the type of property you choose.

However, when renting a condo, you just need to do a rental deposit of one or two months. In this way, you will have more cash in your hand that can be further invested in other aspects of your life.

If you wish to have more cash in your hand then renting a condo that is fully furnished and ready to move is a perfect option.

Renting is less financially stressful

Before buying a condo in Singapore, you must consider other things depending upon the economic climate, refinancing the loan amount every few years that can go beyond the budget you have set in your mind.

On the other hand, renting is financially freeing as you need to pay only a fixed amount of rent and other utilities like Wi-Fi for the time of your lease. Knowing you only need to pay these costs; renting is less stressful for you. In case, you are new in Singapore then renting a condo is the best option.

Renting offers great flexibility

There are times when you are restricted to a particular location at the time of buying a home in Singapore because of your budget. Some of the areas might be situated far from your workplace, entertainment spots & religious community.

Depending upon the type of property you buy, you are locked for almost three to five years in the same home. However, you can sell and move back to your location or upgrade to your dream location but remember it is a costly and tedious process.

But with renting, you can easily move and live in your preferred location from where all the important facilities are accessible easily. Thus, if you wish to rent a lavish condo then you must definitely check the Tengah Garden EC price once.

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