SINGAPORE: More and more Singaporeans are thinking about renting in Malaysia while still working in Singapore because it’s cheaper.
Renting in Johor Bahru (JB) can save you much more money than renting in Singapore. But Singaporeans struggle to live cross-border, with long trips back and forth every day.
For some people, saving money on rent is worth it. But for others, the tiring journey isn’t worth the hassle. So, is it really a good idea for Singaporeans to rent in Malaysia and work in Singapore?
Struggle of cross-border living for Singaporeans
Dollars and Sense cited young Singaporean couples as an example who might be inclined to this arrangement, as this often happens when they are waiting for their new homes.
Waiting for Build-To-Order (BTO) flats has a three to four years window. Renting in Singapore while they wait is expensive, but renting in JB is cheaper. It sounds good, right?
But here’s the catch: the journey to work is long and tiring.
Imagine waking up super early, getting through immigration, and then travelling to work in Singapore. Travelling alone takes much time and money and is even more complicated for families with kids.
Kids must wake up early just to get to school on time. Plus, they might not get to spend much time with their parents.
Even families with homes in Singapore are considering renting in Malaysia to make some extra money. They can rent out their Singapore homes and stay in a place in JB instead. It seems like a smart financial move.
But again, travelling back and forth can be tough for everyone.
Saving money vs long commutes
PropertyGuru says renting a master bedroom in Singapore can cost between S$1,300 and S$1,800 per month.
Meanwhile, according to HDB’s 4Q2023 Median Rental Statistics, renting a 3-room HDB flat in non-mature locations can range from S$2,600 to S$2,800 per month.
However, a one-bedroom condominium unit in JB can be rented for as low as RM2,100 (S$600) per month, providing substantial savings. However, the daily travel costs from JB to Singapore can increase.
For instance, a round trip by car can cost S$146.80 per month while taking approximately 4 hours each day.
By bus, the expenses can amount to S$52 per person if travelling via SMRT and S$66.80 per person if opting for Causeway Link (CW) buses. By train, the cost would be S$57.20 per person for a month’s commute.
Considering they need to start their day very early, before the sun rises, and their workday ends at 6 pm, they may reach home around 9-10 pm. This leaves them just about 6 hours of rest or sleep each working day.
So when it comes to saving money vs long commutes, renting in Malaysia might save money, but it also means sacrificing a lot of time and energy on long commutes.
For many Singaporeans, the trade-off just isn’t worth it. Saving money is great, but not if it means being exhausted all the time and missing out on family time. /TISG
Read also: Is investing in property near JB’s RTS Link a good idea?