HDB rents edged up 0.1 per cent month-on-month in March, stopping a decline in prices for the first time since August last year, according to data from SRX Property. But on a year-on-year basis, rents in March fell 3.5 per cent. The rental prices in March were 5.8 per cent lower than the peak in August 2013, said SRX Property in a news release on Wednesday (Apr 15). Rents for three- and four-room...
HDB Rental
While the cooling measures and loan restrictions have dampened sentiment in various segments of Singapore’s property market, leasing demand for public housing has held up relatively well, with an increase in transactions in the first two quarters this year helping to keep rental rates fairly steady. This trend continues even as data by the Housing and Development Board (HDB) and Urban Redevelopment...
Two blocks of flats at Spooner Road that previously housed the Malayan Railway staff are now available for some interim use. Writing on his Facebook page, National Development Minister Khaw Boon Wan said the termination of the Malayan Rail at Woodlands had a surprising outcome for the Housing and Development Board (HDB). Mr Khaw described it as "a pleasant surprise". There are 318 units in the two blocks...
Singapore has currently about 1,000 interim rental housing units. Replying to a question in Parliament, Senior Parliamentary Secretary for National Development, Dr Maliki Osman said the Interim Rental Housing (IRH) came about because there were a number of old HDB blocks which were vacated, pending demolition. To put them to some interim use, HDB decided to rent them out to families in financial hardship...
The Housing and Development Board (HDB) has taken action against 56 flat owners for illegal sub-letting between January 2008 and December last year. Most were fined between S$1,000 and S$21,000. One owner had his flat repossessed for blatantly flouting HDB's sub-letting rules. Giving details of the case, HDB said it first received feedback on the unauthorised sub-letting of a unit in Block 336 Bukit...
A shorter queue for the needy to rent a flat from the government. That's what National Development Minister Mah Bow Tan hopes to achieve when he announced stricter rules for Singaporeans who want to rent a flat at subsidised rates from the Housing and Development Board (HDB). Currently, it takes about two years to rent a HDB flat. But the waiting time may be reduced to one year, with stricter rules for...
CALL it a combination of financial need or greed, and exploding demand: As of last month, 21,000 flats had been rented out by Singaporeans, a near 60-per-cent spike from the 13,200 units just 17 months ago. Coming as it does three years after subletting rules were relaxed, Housing and Development Board chief executive Tay Kim Poh attributes this recent surge to changing market dynamics. "Rentals for...
HDB upgraders’ demand for condos outside central region could also rise AS SOARING rental rates add to their cost burden, more Permanent Residents (PRs) are snapping up Housing and Development Board (HDB) resale flats. “Two years ago, you would pay less than $1,000 a month in rent for a four-room flat but now, you would be paying almost $2,000,” said PropNex chief executive Mohamed Ismail. “If...