26 Jan '15, 4am

HDB subletting approvals soars to 36,228 in 2014 - The number of people renting out their entire HDB flat has sign...

Comment E-mail to friend Bookmark & Share The number of people renting out their entire HDB flat has significantly increased, with subletting approvals jumping to an all-time high of 36,228 in 2014 from 30,074 in 2013, showed HDB data. In fact, 10,365 approvals were granted in the last quarter alone. As at end-2014, there were 48,120 fully sublet units, up 5.4 percent from 2013’s 45,674 units. An HDB spokesperson attribute the rise in subletting approvals to the desire of flat owners to monetise their flats as well as the availability of alternative accommodation. Property agents and analysts note most flat owners who upgrade to private homes are unwilling to dispose off their HDB units. “They are keen to keep a second property for investment,” said Christine Li, Research Director at OrangeTee. “They know that once they let go, they cannot buy back another one.” Since 2010...

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

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#GlobalREBubble #Singapore HDB launches revampe...

propertyguru.com.sg 28 Jan '15, 5am

HDB CEO Cheong Koon Hean said, “The HDB flat today is more than just a roof over the heads of Singaporeans – it is a home ...