To landlords’ joy and tenants’ despair, market rental rates in Singapore have hit a record high. Renting out a spare room in your HDB flat, or investing in a private property to collect passive income, are not new concepts in Singapore. Traditionally, landlords looked for tenants either via word of mouth or pasting notices at prominent spots – complete with a fringe of little paper strips, each stating their phone number, for potential tenants to tear off.
Those who don’t mind paying a commission would hire a real estate agent to market their room or property. The more resourceful landlords advertise on Facebook groups such as ‘Singapore HDB Rooms & House for Rental’ in Singapore, and ‘Room for Rent in Singapore’, and even on Facebook Marketplace and Carousell.
For tenants, other than traditional accommodation like renting a spare HDB bedroom (and living with a landlord), or a whole unit if you can afford it, alternative
