Straits Times: HDB Rental Flats – Over 4,000 on waiting list

All of the HDB’s lettable rental flats are occupied. Rents for one- or two-room units range from as low as S$26 to S$275.

Of the 40,732 rental households, over 75 per cent are small households (fewer than three people), and 70 per cent of residents are above 50 years old.

As of June this year, there were 4,387 applicants on the waiting list.

To be eligible, applicants must be Singapore citizens aged 21 and older. Their monthly household income must not exceed S$1,500, and they must not own or have an interest in private property or have sold their property in the last 30 months. Those who had bought two flats directly from the HDB are not eligible.

Rental flats are let on a two-year term tenancy, subject to renewal.

Source: Straits Times – 31 Aug 2008