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17-01-2014, 12:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.straitstimes.com/breaking...-blocks-201401 (http://www.straitstimes.com/breaking-news/singapore/story/quota-hdb-subletting-foreigners-8-cent-neighbourhoods-11-blocks-201401)
Quota for HDB subletting to foreigners: 8% cent for neighbourhoods, 11% for blocks
From Thursday, foreigners and permanent residents will not be able to rent more than eight per cent of flats in each Housing Board (HDB) neighbourhood, and no more than 11 per cent of units in each HDB block.
The caps - the first of their kind - are "to prevent the formation of foreigner enclaves in HDB estates, and maintain the Singaporean character of our HDB heartlands", the Housing Board said in a statement. Malaysians are exempt as they "can better integrate... due to their cultural and historical similarities with Singaporeans".
Existing tenants will not be affected immediately, as flat owners subletting their flats with HDB approval can continue to do so for the remaining period that was previously approved by the HDB.
The quota applies only to the subletting of whole flats and not rooms. This is to reduce the impact on those who rely on subletting for income, "especially the elderly and low-income households", added the Board.
No joke, so many people are renting out their HDBs already, as they've upgraded to condo. If they cannot rent out anymore, they can either eat ice-cream or illegally sublet. Illegal sublet is punishable by confiscation of the flat.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?172796-PAP-promise-NO-GST-hike-so-they-ll-try-to-confiscate-your-HDB&goto=newpost).
http://www.straitstimes.com/breaking...-blocks-201401 (http://www.straitstimes.com/breaking-news/singapore/story/quota-hdb-subletting-foreigners-8-cent-neighbourhoods-11-blocks-201401)
Quota for HDB subletting to foreigners: 8% cent for neighbourhoods, 11% for blocks
From Thursday, foreigners and permanent residents will not be able to rent more than eight per cent of flats in each Housing Board (HDB) neighbourhood, and no more than 11 per cent of units in each HDB block.
The caps - the first of their kind - are "to prevent the formation of foreigner enclaves in HDB estates, and maintain the Singaporean character of our HDB heartlands", the Housing Board said in a statement. Malaysians are exempt as they "can better integrate... due to their cultural and historical similarities with Singaporeans".
Existing tenants will not be affected immediately, as flat owners subletting their flats with HDB approval can continue to do so for the remaining period that was previously approved by the HDB.
The quota applies only to the subletting of whole flats and not rooms. This is to reduce the impact on those who rely on subletting for income, "especially the elderly and low-income households", added the Board.
No joke, so many people are renting out their HDBs already, as they've upgraded to condo. If they cannot rent out anymore, they can either eat ice-cream or illegally sublet. Illegal sublet is punishable by confiscation of the flat.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?172796-PAP-promise-NO-GST-hike-so-they-ll-try-to-confiscate-your-HDB&goto=newpost).