{"id":59699,"date":"2017-07-04T09:58:44","date_gmt":"2017-07-04T02:58:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-rental-flat-rates-depend-on-household-status\/"},"modified":"2017-07-04T09:59:28","modified_gmt":"2017-07-04T02:59:28","slug":"hdb-rental-flat-rates-depend-on-household-status","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-rental-flat-rates-depend-on-household-status\/","title":{"rendered":"HDB rental flat rates depend on household status"},"content":{"rendered":"


\n\u00a0
\nThe monthly cost of flats under the Public Rental Scheme of the Housing and Development Board (HDB) is subsidised to provide affordable shelter to Singaporean households who need them the most, according to the Ministry of National Development.
\n\u201cMore than half of HDB\u2019s rental households pay basic rents, which are now set at S$26 per month for a one-room flat and S$44 a month for a two-room flat. The remaining households pay higher monthly rents based on their household incomes,\u201d it said in a statement on Monday (3 July).
\nThis is in response to Tanjong Pagar MP Joan Pereira\u2019s query if the ministry will consider using per capita income instead of household salary when determining the rates for the Public Rental Scheme.
\nBased on information posted at HDB\u2019s website, the aforementioned rental rates apply to households with a monthly income of S$800 or less that have applied to the scheme for the first time. On the other hand, those earning between S$801 and S$1,500 need to pay at least S$90 and S$123 to lease a one and two-roomer respectively.
\nMoreover, the National Development Ministry revealed that the Public Rental Scheme was introduced to help poor families eventually purchase a unit from the Housing Board, and the majority of its tenants have a household size of three or less.
\n\u201cHDB recognises that some households do face difficulties paying higher rents, for example due to medical needs or a large number of dependents. This is why HDB already exercises flexibility to allow tenants to pay a lower rent depending on each household\u2019s circumstances,\u201d it added.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB rental flat rates depend on household status<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The monthly cost of flats under the Public Rental Scheme of the Housing and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-59699","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fwT","jetpack-related-posts":[{"id":76088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2500-households-took-up-hdbs-lease-buyback-scheme\/","url_meta":{"origin":59699,"position":0},"title":"2,500 households took up HDB\u2019s Lease Buyback Scheme","date":"January 9, 2018","format":false,"excerpt":"\r About 2,500 families have successfully applied for the Housing and Development Board\u2019s Lease Buyback Scheme (LBS) since it was launched in March 2009, according to a written parliamentary reply from the Ministry of National Development on Monday (8 January). 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