Buying a shophouse involves a large financial commitment that many people end up working their entire lives to pay off. Renting a home with Figment as the direct owner requires a much smaller financial outlay, especially for the short-term as you will not have to cough up the cash on a huge downpayment, and you will not be in mortgage debt for the rest of your life!

It depends on the city and state of the economy. In Singapore, ever-increasing home prices and higher mortgage rates have made it less expensive to rent a shophouse than buy and own one. It is highly likely that one can outperform building home equity if he/she chooses to rent a house by owner and reinvests his/her savings in the market.

Have a look at our rental guides for coliving spaces as well as studio apartments for more information!

Wary of searching for a shophouse with a property agent and having to pay a month's rent in commissions? With Figment, you can rent a shophouse in Singapore with us directly as an owner without an agent and no agent fee whatsoever. Simply browse our shophouses on offer and send in an inquiry in the form below.

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 shophouse rentals with flexible lease terms and a 1-month notice period.