09 Dec '13, 7am

Govt to impose cap on foreign tenants in HDB flats - Property Auctions News, Property Investment | PropertyGuru

MP Foo Mee Har had earlier in Parliament suggested a 10 percent cap on the number of flats that could be sublet to foreigners in every HDB block. She also shared her concerns about foreigner enclaves forming in HDB estates. In concurring with Ms Foo, Mr Khaw said the cap is needed to “maintain the Singaporean character of the heartlands”. He also revealed that HDB analysis on the current subletting situation showed that less than four percent of HDB flats are sublet to foreigners, excluding Malaysians. But the study also revealed that the proportion could go up to nine percent in some areas or even 18 percent in some blocks. Currently, only Singapore citizens and PRs can purchase HDB flats. However, foreigners can rent rooms or an entire flat. Nikki De Guzman , Junior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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