A condominium, often shortened to condo in Singapore, is a property type that is similar to an apartment but is individually sellable and therefore is regarded as independently owned real estate. The residential condo building is divided into several residential units that are each separately owned, and includes shared common areas that are jointly owned and maintained.

Condo apartments are the perfect rental option for singles, whilst Figment’s furnished condo apartments are large enough to accommodate couples and co-sharing friends.

Our shophouse condo rentals can comfortably accommodate up to two people. You might find that sharing a condo with your significant other would be much easier than sharing one with a close friend. That said, Figment provides spacious shared common areas for you to let loose beyond the confines of your condo.

In sum, condominiums are owned properties, while apartments are rented from an owner. Condo units within a residential building are sold to individual owners. These owners end up collectively owning the common areas throughout the condo complex. There is a building management committee which becomes the responsibility of the homeowners’ association with the individual maintenance of each unit's interior being paid for by the owner of that unit. In comparison, all apartments in a residential building are actually owned by a single owner or landlord. Each individual apartment is then rented out tenants or residents, who will have to pay rent to the landlord who handles the maintenance of the building and, by extension, each individual apartment unit.

Figment provides plenty of affordable condo rentals starting from $1,500 monthly with no agent fee. However, if you are looking for the cheapest condo apartments for rent under $1,500 in Singapore, here are some good places to start.
Rental Property Platforms such as Carousell, 99.co and PropertyGuru
FacebookGroups
Usually, the quality and number of amenities and options should improve as you move further East. Make sure to do some price research on the area in question on URA’s website so you don’t get ripped off. You might also want to use a property agent to help with your search.

According to the Council for Estate Agencies, to rent property in Singapore, you need to be a Singapore citizen or permanent resident. Non-citizens may rent if they hold an employment or work permit like an S-pass, a student pass, dependent pass or long term social visit pass. That said, even with foreigners holding legal residence, the problem is that most Singapore landlords may not be too pleased with a month-to-month lease agreement and would typically require at least a 1 or 2 year contract. Figment provides a much-needed, flexible alternative for condo apartment rentals with flexible lease terms and a 1-month notice period.