From Jan 1, non-Malaysians and non-Singaporeans can rent HDB flats for maximum 2 years
THE maximum tenancy period for people who are neither Malaysia nor Singapore citizens renting a Housing Board flat or bedroom in Singapore is set to increase.
The current maximum period is one and a half years, but from Jan 1 it will be increased to two years, said a HDB statement on Tuesday. The revised tenancy period only applies to flat owners whose applications in this category reach HDB on or after Jan 1.
"This revision will give flat owners greater flexibility to secure a longer tenancy period with non-citizen tenants who may have work or immigration passes that are valid for a longer period of two years," HDB said in the statement.
For cases where all tenants are Singapore citizens, Malaysians, or both, the maximum tenancy period remains unchanged at three years.
Those currently renting out to non-Malaysians and non-Singaporeans with HDB approval will be allowed to continue doing so for the remaining approved duration, added HDB.
More information can be found on the HDB InfoWeb site.
THE STRAITS TIMES
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases