Browsing Tag

Rental

8 posts

Desmond Lee rejects WP’s rent control suggestion, citing potential supply and equity issues

Minister for National Development Desmond Lee dismissed the Workers’ Party’s suggestion for market rent regulation, warning that rent controls could reduce rental supply and create allocation and equity problems. He emphasised the adverse effects on housing market distortions and property prices, while assuring openness to alternative measures.

82-year-old elderly spends a year living at HDB void deck bench; netizens offer assistance

An 82-year-old man in Singapore, Yip Woon Cheong, has been living on a bench in the void deck of an HDB flat for a year, after his separation from his wife and being left solely dependent on government financial assistance of around S$100 a month. Mr Yip, who had never begged anyone for money and had saved S$1,000 in his bank account, said he had worked until 60, after which he depended on his CPF when he ran out of funds. Despite his children not helping him, he has no regrets and is moving into a rental flat with the help of volunteers and individuals who donated necessities and appliances to him.

Elderly Singaporeans share struggles in securing decent and affordable living spaces

On 13 March, Minister for National Development Desmond Lee launched a new…

3-room Bidadari flat rented out at S$4,100, before reaching MOP, with HDB approval

A 3-room HDB flat in Bidadari was rented out for S$4,100 per month, with HDB’s approval despite the five-year mandatory occupation rule. HDB stated that exceptions are granted on a case-by-case basis due to unforeseen circumstances. Some netizens urge HDB to regulate rental prices, citing concerns about high rental prices being exploited for speculation.

EuroCham Survey: European businesses in Singapore concerned about rising rental costs for businesses and staff

European businesses in Singapore are concerned about the rising cost of rental for both residential and office spaces. A EuroCham survey found that 50% of employees experienced a rental cost increase of more than 40%, causing anxiety and distress among 97% of them.

HDB shop owner warned by authorities for illegally partitioning unit into four rooms for rent in Yishun

The Housing and Development Board (HDB) has issued a written warning to a shop owner in Yishun estate for illegally partitioning the upper floor of their shophouse into four rooms and renting them out without authorization. The unit was previously listed for public rental on the PropertyGuru website, but has since been taken down from listing.

5-room HDB flat in Ang Mo Kio rented out at a record-breaking rate of S$6,500

A five-room HDB flat in Ang Mo Kio, created by combining two units, was rented out at a record-breaking rate of S$6500 amid an upward spiral of rental in 2023 due to rising costs and surging demand in Singapore.

Netizens raise questions over HDB’s policy of forcing strangers to live together following tragic incident at rental flat

Netizens are calling into question the practicality of Housing and Development Board’s (HDB) policy of having strangers share units and urging HDB and the Ministry of National Development (MND) to reconsider the shared living arrangement policy. This comes after news of a 59-year-old man being charged with murder under Section 302(1) of the Penal Code after allegedly killing his 61-year-old co-tenant at Block 90, Redhill Close.