As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 13 February 2015

87,900 households have rented out their flats or rooms

SINGAPORE: As at Jan 31, 87,900 households have rented out their flat, or one or more rooms. Ninety-two per cent of these are Singaporean households, while the remaining 8 per cent are owned by permanent residents. Since January 2013, the Housing Development Board (HDB) has disallowed permanent residents from subletting their entire flats.

These figures were given by Minister of State for National Development Maliki Osman in Parliament on Thursday (Feb 12), in response to questions by MP for Hougang, Png Eng Huat, on HDB flat rentals. 

Mr Png had also asked how HDB would ensure that flats are properly rented out, and that the number of occupants and tenancy lengths were also within legal limits.

Dr Maliki said: "Every lessee of the flat knows the regulations and as they are subletting the rooms, they are supposed to register the number of tenants that they have in their rooms. HDB monitors that quite closely. 

We also require the help of local grassroots to let us know should the tenancy breach the agreement set out by the HDB ... so that we can continue to enforce when necessary."  

No comments:

Post a comment

Related Posts with Thumbnails