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Hi Mr. Koh,

The restrictions that your friend is referring to are mainly applicable to Work Permit holders. Work Permit holders who are renting a whole HDB flat from Construction, Marine and Process and Manufacturing sectors must be Malaysians.

You can also rent out to SC / SPRs / EP and SPass holders, regardless of their sectors. Hence the tenant pool is still quite large, and you should be able to find a decent tenant profile still. The only main concern should be declining rentals and competition within the vicinity.

More details @
https://www.ecitizen.gov.sg/Topics/Pages/Renting-out-your-HDB-flat-A-homeowners-guide.aspx

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

Hi Mr Koh,
Spass and employment pass holder are eligible to rent the whole unit of hdb flat. They are also the more affordable income group. I can share more on the advantages and disadvantages of leasing a property for owner.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More