22 Jan '14, 12pm

New: Singapore Property News This Week #139

The Housing & Development Board (HDB) released the details of the subletting quota framework for non-citizens on Jan 16 – the number of flats that can be wholly sublet to non-citizens is now capped at 8 percent at the neighbourhood level, and 11 per cent at the block level. This applies to subtenants who are Singapore permanent residents (PRs) and foreigners.Malaysians are exempt because they are able to better integrate due to their cultural and historical similarities with Singaporeans. The details reflect the government’s efforts in preventing the formation of foreigner enclaves in HDB estates. However, the quota would not apply to subletting of rooms to reduce the impact on those who rely on subletting for additional income, for example the elderly and low-income households.

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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