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The HDB flats are the unique provision for housing in Singapore innovated and designed by the government of Singapore with the tag of the Housing and Development Board (HDB). Now if you are a citizen of Singapore, and your monthly income is within the ceiling determined by HDB, then you easily can own an HDB unit, as there are certain regulations applicable for purchasing an HDB unit. As a landlord of HDB flat, if you want to rent out your HDB flat or a portion of your flat for some extra income, there are certain rules and regulations set by the government, which you need to follow in order to put your HDB flats for rent in Singapore
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What are the criteria for What are the criteria for subletting your HDB flat in subletting your HDB flat in Singapore? Singapore? by the HDB can only be rented out and all other parts of the flat including partitioned rooms, cannot be used as bedrooms for tenants. Also for an HDB flat in Singapore, which consists 3- room you can only rent out 1 room and for HDB flat which consists of 4-room and bigger, you can only rent out a maximum of 2 rooms. The HDB flats are the unique provision for housing in Singapore innovated and designed by the government of Singapore with the tag of the Housing and Development Board (HDB). Now if you are a citizen of Singapore, and your monthly income is determined by HDB, then you easily can own an HDB unit, as there are certain regulations applicable for purchasing an HDB unit. As a landlord of HDB flat, if you want to rent out your HDB flat or a portion of your flat for some extra income, there are certain rules and regulations set by the government, which you need to follow in order to put your HDB flats for rent in Singapore. Here we have discussed the important checklists that you need to maintain before you put your HDB flats for rent are as Eligibility criteria for the tenants: For renting your HDB flat you need to choose your tenant as per the rules and regulation specified by the government and for this process, you can search for the eligible tenants by yourself or appoint a professional property agent of Singapore to do the same on your behalf. The tenant must be a citizen of Singapore or in case of non-citizens you can rent out your HDB flats in Singapore to those, who are legally residing in Singapore, such as, holders of employment pass, S pass, work permit, student pass, dependent pass, and long term social visit pass and these passes must have a validity period of at least 6 months at the date of application. You can also rent out the entire HDB flat to a company, but for that, you have to ensure the company’s employees residing in your HDB must have valid aforementioned passes. within the ceiling follows; Rental period: The rental period of an HDB flat / bedroom need to be at least 6 months to a maximum period of 3 years per application in cases of all Singaporeans or Malaysians tenants and for the scenarios which involving non-citizens of Singapore, the maximum rental period can be 1.5 years, as per approval by the board to protect your rights. Also, foreigners can also rent an HDB flat but the rental period for them Eligibility and regulations for subletting HDB flat: Only Singapore citizens are eligible to sublet the entire HDB flat, but first they need to meet the five years of minimum occupation period, also only bedrooms which are originally constructed
can be 2 years maximum. Conclusion The numbers of persons are visiting Singapore from other countries for several reasons, can’t go for purchasing an HDB flat, but the non- citizens can occupy by opting an HDB flat for rent in Singapore, by following the certain measures. As well as, the HDB flats are owned by approximately 80% of the Singaporeans, so as per the policy of HDB board they can sublet their unoccupied flats or rooms to the non- citizens of Singapore. As the HDB units are a government enterprise so the price, as well as the rent, will be cheapest as per market value. Thus HDB flats can be purchased as an investment for future return.