Search our database for Ocean Park rental contracts with IRAS e-Stamping done in the past 5 years.

The rent transactions consist of landed and non-landed private properties such as condos and Executive Condominium (EC).

A tenancy agreement is a rental contract between the landlord and tenant. The minimum lease period is 3 months for private housing. The rent is determined by the number of bedrooms, floor area, proximity to city, MRT stations and supermarkets. If the house is fully furnished and well maintained, it will command a higher rent too.

The rent data was last updated on 18th November 2024, 02:00 AM.

To secure a high rent for your apartment at Ocean Park , the negotiation skills of a property agent is very important. He must also know how to take beautiful photos and video of your house to impress your prospective tenants.

Can I rent Ocean Park for 1 month?
No. The minimum rental period for private residential property is 3 months according to URA.

What are the maximum number of tenants for Ocean Park ?
Regardless whether it is a 1 bedroom or 3 bedroom unit, the maximum number tenants is 6.

I am a landlord of Ocean Park . Can I rent out my house to any tenant?
If the tenant is a foreigner, he must possess a valid pass such as work-permit or employment pass (EP). You must check his passport validity too.
Contact us for a recommendation on a licensed property agent whom can help you to secure a good tenant.

Who is responsible to pay for rental stamp duty?
The tenant must pay the rental stamp duty to IRAS within 14 days of signing the tenancy agreement.

Why is Ocean Park rental price increasing?
The construction delays to HDB BTO flats and private residential properties as a result of foreign workers labour crunch from COVID-19 pandemic. Younger generations have been moving out of the parents' home in search of more space to work remotely.

How much commission do I pay my property agent for helping me to secure a tenant at Ocean Park ?
For two years lease, the landlord pays a commission equivalent to one month rent. GST may be applicable.
For one year lease, the landlord pays a commission equivalent to half a month rent. GST may be applicable.