The latest buzz in the local property scene is the rental of storage rooms and bomb shelters. Of course, to any local who’s been around, this really isn’t anything new. Certain tenants have always been willing sacrifice living space for lower rents or better location. Some maids and foreign workers have been expected to stay in such quarters for years as well.

What is new, however, is the skyrocketing cost of such a room. Apparently, not even the low end of the market can escape this exuberance. For those who aren’t in the know, such rooms are usually around 35 to 45 square feet, with some even coming in at a paltry 25 square feet. In leaner times, paying $400 a month for such a room would have been considered insanity. These days, however, the price can go up to $600 monthly. I leave you to do the math on how much that is per square foot.

Exorbidant rents aside, nobody is putting a gun to the tenant’s head and forcing him to stay in such a box. On the contrary, such tenants are parting with good coin for the privilege, so why shouldn’t an enterprising homeowner cash in, right? Well, one reason is that it’s illegal to rent out any non-bedroom in a public housing unit.

For private property, the rules are a bit more hazy, but certain civil defense guidelines do state that any features or furniture installed in a bomb shelter should be readily movable. In other words, it should not require major renovation work to convert back to its original purpose, which is to save your ass in case bombs start going off around you.

But really, who’s to say that it’s silly to pay for such an abode. Perhaps the tenant finds that access to condo facilities and grounds more than makes up for the postage-stamp sleeping area. Or that being able to walk to work far outweighs any other disadvantage (and who can fault such thinking, with public and private transport in today’s state?).

I just find it ironic that our maids sleep in rooms that are equivalent to their monthly salary, or even more, to rent.

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  One Response to “Singapore Rental Market Goes Small”

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    Approx. Singapore Prices (All in SGD)A meal at:Hawker Centre Food $3 to $7 per mealFood Court Food $4 to $9 per mealChinese Restaurant Food $8 to $12 per dish (small serving)- or $5 to $10 per mealIndian / Muslim Restaurant Food $5 to $10 per mealWestern Restaurant Food $15 to $30 per mealHigher End Restaurants $25 to $50, or even more per mealHard Rock Cafe shluod cost about $30+ per meal there.Attractions cost:Sentosa Island Entrance $2 per head; then pay for everything else you do in there. Though there’s also a lot to do without spending too much there. Get your cameras ready.Singapore Zoological Gardens $15 for adult, Child $7.50Zoo Night Safari Adult $30, Child $15Zoo, Night Safari BirdPark Adult $40, Child $20National Museum of Singapore $10 Adult, $5 ChildSingapore Duck Tours Adult $ 33, Child $ 17Singapore Sightseeing Pass value tour package offer includes;City Tour (10 am – 5.30 pm), unlimited free easy hop on/offHeritage Tour (10 am to 5.30 pm), unlimited free easy hop on/offSentosa HiPPOtours (10 am – 9 pm), unlimited free easy hop on/offSingapore River Cruise (10 am – 11 pm), single entry, 30 minute rideMoonlight City Adventure (6 pm – 10 pm), 4 hours guided tourRed Lantern Tour (6 pm – 10 pm), 4 hours guided tourCar Rental is not recommended here. Expensive and a lot of responsibilities. Not like your country side where you can just park off any road and walk. You need to find a carpark and pay for it by a coupon or via a cash card.

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