Hi J C
Rent prices is based on mutual agreement between both parties. Generally depends on condition and size of the house(number of bedrooms) being rented out, as well as the location. For instance, a house near MRT will generally fetch higher rental yield as compared to one that is further away from the MRT.
The only cooling measure for rental of a HDB flat is actually imposed on Singapore Permanent Residents (SPR). With effect from 12 Jan 2013, SPRs can no longer rent out a whole unit. Subletting of rooms is still allowed. Therefore, the supply of HDB flats up for rent may drop. And since it is not as affordable now for foreigners to buy a property due to the new measure for ABSD which is at 15%, the demand for rent may increase. Thus affecting the rental prices of flats.
Feel free to call or sms me for more information. Thanks!
Cheers!
Andrew Ho
C:ERA Realty Pte Ltd
M:92380058
E:ho.andrew@me.com
R:R047219D
Read More
