Property
How Singapore’s New Rental Rules May Benefit Landlords (And Tenants)
By Stacked Homes  •  December 23, 2023
Sometimes, we need to remember who depends on who, when it comes to foreign workers.  Domestic helpers aside, I’m also talking about foreign workers of the non-Sentosa-Cove variety. From Malaysia, India, Bangladesh, Myanmar, Indonesia, etc., we rely on foreigners for several key positions; be it nursing, or keeping those 24-hour supper spots running. So it’s a good thing the government does care about the sort of rent they’re paying. The new occupancy limits, which apply to both private and HDB units, increase the number of unrelated tenants allowed in the same unit. This doesn’t just help Singaporean renters, who are escaping tough home situations, waiting for their flats to be built, etc. It also helps foreign workers, who aren’t all affluent expats. The new occupancy limits are: A switch to eight unrelated tenants makes a huge difference, to tenants splitting the rent. Assuming $3,500 to rent a flat, six tenants splitting it is roughly $583 per person*. Split eight ways they’ll...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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