While some dream of renting out their HDB flat to earn some passive income, they're typically unable to do so until the Minimum Occupation Period (MOP) of the flat is up. However, one homeowner managed to rent out his Bidadari HDB flat even though his unit had only been completed around two years ago, reported Shin Min Daily News. The...
While some dream of renting out their HDB flat to earn some passive income, they're typically unable to do so until, reported Shin Min Daily News.According to information from HDB's website, rental transactions for three-room HDB flats in nearby estates such as Potong Pasir range from $1,800 to $3,500 for the month of March this year.
HDB told the Chinese daily that the unit was approved for rent as the owner has been living overseas for a long period.. The homeowner would have to appeal to the HDB for approval.must appoint an attorney to manage the flat on their behalfHDB also told Shin Min Daily News that in the past three years, nearly 120,000 HDB flats were approved to be rented out as an entire unit, and less than 1.5% of flats approved for rental fall under this scenario.
They also advised that if the homeowner has gotten approval to rent out their flat, the owner "should conduct regular checks to ensure that the rules and regulations are met".
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MMA fighter Choo Sung-hoon visits Singapore, talks about celeb daughter Sarang and Physical:100Once in a while, an awe-inspiring celebrity visits Singapore and fans' dreams to meet their hero come true. Mixed martial arts (MMA) fighter Choo Sung-hoon, who gained further fame after his stellar performance in the recent Netflix Korean variety show Physical: 100, visited Singapore over the weekend (March 24 and 25) for a fan meet-and-greet at the One Championship event...
Read more »
Every HDB flat will be a valuable nest egg for retirement, says PM LeePrime Minister Lee Hsien Loong adds that all public housing towns and estates will be good places to live in, and that 'property values will reflect that'.
Read more »
Every HDB flat will be a valuable nest egg for retirement, says PM LeeSINGAPORE — Singapore's Prime Minister Lee Hsien Loong on Sunday (March 26) said it was the ruling People's Action Party government's promise that all Housing and Development Board (HDB) flats would be good homes as well as valuable nest eggs for retirement.
Read more »
Residents at Meragi Close leave notes on cars telling drivers to 'park at your HDB carpark'A Stomper has come forward to share their personal experience parking in a private estate after local host Jade Seah called out 'self-entitled' landed home owners. Read more at stomp.straitstimes.com
Read more »
HDB Resale Flat Eligibility: Can a Singapore Permanent Resident (SPR) Buy an HDB Flat? (2023)'Can an SPR buy an HDB flat?' is a question Singapore Permanent Residents (SPRs) may wonder. HDB resale flat eligibility and ownership are rights granted to every SPR. But they do come with some restrictions. Find out what these restrictions are in 2023.
Read more »
'Park at your HDB carpark': Residents at Meragi Close leave notes on carsA Stomp contributor has come forward to share their personal experience parking in a private estate after local host Jade Seah called out 'self-entitled' landed home owners. The Stomp contributor told Stomp that reading about how Seah found a note on her car made them recall encountering similar home owners at Meragi Close. 'These landed properties are located just beside...
Read more »