HDB rents remain stable

Take note all HDB owners near Sentosa who have room to spare.

Foreigners who are working at the upcoming integrated resort (IR) in Sentosa are looking for rental units.

But several property agencies said that with the large supply of HDB flats up for rent in the country, overall rental rates remained steady. This would most likely remain up until the first quarter of next year.

In fact, HDB wasn't affected much by earlier expectations.

Experts said that foreign workers recruited to work at Resorts World Sentosa (RWS) will contribute to the demand, but have yet to cause HDB rents to increase.

Two property agencies noted an increase in HDB rental rates in Q4, which is mainly attributed to foreigners working at RWS.