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     Rates for HDB rental flats to be pegged to household income

Continued from FrontPage of Article

 

Annex


Table 1: Revised Rent Structure

Household Income
1st Renewal
2nd Renewal
Tenants who started renting HDB flats before 1 Oct 03 <=$800
No change (1st-tier rent)
$801 - $1,500 No change (1st-tier rent) 30% of market rent
$1,501 - $2,000 30% of market rent 50% of market rent
Above $2,000 30% of market rent 70% of market rent
Tenants who started renting HDB flats after 1 Oct 03 <=$800
No change(1st-tier rent)
$801 - $1,500
No change (2nd-tier rent) i.e. 30% of market rent
$1,501 - $2,000 50% of market rent 50% of market rent
Above $2,000 50% of market rent 70% of market rent

NB: The 2nd-tier rent was introduced from 1 Oct 2003.


Table 2: Rent Structure for new 2nd-timer Households

Monthly Household Income
1st-timer rent
Rent for new 2nd-timer Households
$800 & below
1st-tier rent
30% of market rent
$801 - $1,500
30% of market rent
50% of market rent


 

Source: www.hdb.gov.sg Press Release 12 Nov 2006