Tag Archives: Singapore Property

HDB has stepped up its efforts against illegal subletting

We refer to the letters “Can HDB step up enforcement?” (July 13) and “List all authorised sublet flats in a public database online” (July 16). We thank the writers for their feedback and suggestions.

We assure the public that the Housing and Development Board takes a serious view of any unauthorised subletting, whether by citizen or permanent resident households, as HDB flats are primarily meant for owner occupation.

Owners who wish to sublet their entire flats must meet the Minimum Occupation Period and obtain HDB’s approval first.

They must comply with the HDB’s terms and conditions, for example, by ensuring that the number of subtenants does not exceed the maximum allowed for the various flat types. Subletting of flats or bedrooms for short-term stay to tourists is also not allowed.

Owners who try to circumvent the HDB’s rules by locking up one room and subletting the rest of the flat without physically staying in it will be regarded as having engaged in unauthorised subletting of the entire flat.

The HDB has been stepping up enforcement against unauthorised subletting. Besides conducting regular checks on approved subletting cases to ensure rules are complied with, the HDB does spot checks and planned inspections to ensure the proper use and occupation of flats.

Last year, the HDB carried out 7,000 flat inspections. Most of the cases were in order. However, we found 56 flats with unauthorised subletting and took action against the owners, including imposing financial penalties or compulsorily acquiring their flats.

Before renting a flat or a bedroom, prospective subtenants should familiarise themselves with the eligibility conditions for subtenants as well as for owners, as it is important they ensure that the flat owner has obtained approval to sublet the flat.

More information could be found at the HDB’s website, http://www.hdb.gov.sg, under “Living in HDB flats”.

The HDB will continue its efforts against unauthorised subletting. The public may call our hotline at 1800-555-6370 (Monday to Friday, 8am to 5pm) to report any suspected cases of unauthorised subletting. Any information provided will be treated with the strictest confidence.

From Lim Lea Lea Director (Branch Operations),
Housing & Development Board

Source : Today – 2012 Jul 31

See : Stricter rules for PRs subletting flats

Private home sales still going strong

Brisk sales by developers for private homes continued last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units.

The 54-storey tower was launched on 20 July with 190 out of its 510 units released. Apartments at the 99-year leasehold project are being sold at an average price of S$2,200 psf.

Singaporeans are believed to have dominated sales with other buyers coming from China, Indonesia and India, according to The Business Times.

At the same time, Parc Centros by Wee Hur Holdings reportedly attracted another 100 buyers last week taking total sales to 480 units thus far.

Going at an average price of S$950 psf, the 99-year leasehold project has attracted mainly Singaporean buyers.

According to analysts, brisk sales at Parc Centros could be attributed to the popularity of Punggol and proximity to the MRT station and future Waterway Point mall.

In addition, its average pricing is seen as more attractive than Watertown condo which was unveiled in January at a median price of S$1,169 psf.

Meanwhile, Koh Brothers’ Parc Olympia at Flora Drive reportedly sold some 20-plus units last week boosting sales to over 200 homes. The 99-year leasehold condo was launched on 12 July and released 358 of the total 486 units.

Moreover, a freehold project called The Line@Tanjong Rhu is said to have sold around 15 units last week. Developed by Lakeview Investments, homes at the 107-unit development are being sold at an average price of S$2,100 psf.

Source : PropertyGuru – 31 Jul 2012