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You can use a virtual office to start a company. You don't have to rent a physical office.
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A virtual office is what it sounds like - it's simply a remote office that you can use as a registered business address for your company. Many virtual offices will also perform essential services like mail scanning, mail forwarding, etc. This allows you to run your business remotely, from anywhere in the world, and still be able to read business letters and receive business packages.
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Check out this guide on Singapore's 5 cheapest virtual offices: https://www.providecover.com/5-cheapest-virtual...
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You can just use your residential address as office to register for acra. Save $$$.