The National Day Rally speech of Prime Minister Lee Hsien Loong has brought smiles to the faces of Housing and Development Board (HDB) residents in Singapore as another 230,000 flats will be upgraded.

Occupancy cap for renting out large HDB flats to be reduced from May 1

“From May 1, 2018, the occupancy cap for four-room and larger Housing and Development Board (HDB) flats being rented out will be reduced to six persons, from the current maximum of nine persons,” said HDB in a press release issued today.

Resale volume of HDB flats recorded lowest in seven months during September

About 1,683 Housing and Development Board (HDB) flats were re-sold during September, which is a 14 per cent month-on-month fall drop from August, revealed the flash estimates of Singapore Real Estate Exchange (SRX).

About Tag: HDB

The Housing & Development Board (HDB) is Singapore’s public housing authority and a statutory board under the Ministry of National Development. They provide subsidised public housing for Singaporeans.