Personal Finance
Will HDB’s New Policy Boost the Falling HDB Rentals?
By Seedly  •  January 1, 2019

Starting January 1, 2019, flat owners will be allowed to rent out their flats or bedrooms to non-Malaysian non-citizen tenants for a maximum of two years, up from the current 1.5 years, the Housing and Development Board (HDB) said on Tuesday (December 18).

According to HDB, this revision will offer flat owners greater flexibility to secure a long tenancy period with non-citizen tenants who may have work or immigration passes that are valid for a longer period of two years.

The maximum tenancy period where all the tenants are Singapore Citizens and/ or Malaysians remain unchanged, at three years.

HDB added that flat owners who are currently renting out their flat or bedrooms to non-Malaysian non-citizen tenants with HDB’s approval

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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