Rental

1. Types of Accommodation and Rental Rates (as of Aug 2022)

There is a good supply of private condominiums/apartments in Singapore.  Many of them are within walking distances or short bus rides of the two CIS campuses.  Most of these condominiums/ apartments have either 2 or 3 bedrooms.  Almost always these condominiums/apartments have other facilities: swimming pools, tennis courts, squash courts, gym, BBQ pits etc.  A general review of properties can be found at https://www.propertyguru.com.sg

2. Agents’ Fees

Jean Thoo, a housing agent has assisted and placed most CIS teachers over the last 16 years.  We have in recent years engaged Wade Bhatti, another agent to assist with the housing placement process.  This is to ensure Teachers have more choices in the selection of accommodations.

 For rental rates at $3500 and below, the tenant will have to pay the following agent’s fees:

• The equivalent of ½ month’s rental for 1 year lease

• The equivalent of 1 month’s rental for 2 years lease

For rental rates of more than $3500, tenant will have to pay the following agent’s fees:

• The equivalent of 1/2 month’s rental 

* Please note that the agent’s fees may differ with different agents

You are encouraged to contact the agents ahead of time to make inquiries on accommodations in Singapore and also make an appointment to meet with them upon your arrival.   Their email addresses are jean.thoo@citiscapeprop.com.sg and wadebhatti@gmail.com ( http://www.homehuntsg.com )

Teachers are also welcome to look for accommodations via other housing agents or via websites like www.propertyguru.com.sg.  Please also seek advice on the tenancy agreement that you will sign.

3. Rental bridging ‘loan’ for new overseas hired teachers

The school can assist with the loan to you directly so that you can make payment via the agent/ landlord and secure your condo unit. The repayment of this amount would be over the following five months (maximum time limit).

Calculations for this 'loan' amount is done individually as we need to follow the Singapore tax law which is a maximum company loan of up to 25% of your monthly salary calculated out over a 12 months period and we generally cap the amount at a loan amount of $10,000 per employee as long as this is still within the limits allowed under law for the employee's salary.

If we have a teaching couple, and the amount is more than $10,000 we can request permission through the Head of Human Resources for the additional funds and have the amount split between the teachers. 

Example: Two-year employment contract = Two-year housing lease August 2023 - June 2025 = 23-month lease.