Wednesday, October 17, 2012

Tanjong Pagar flats to be rented out to low-income households

After being left vacant for one year, two blocks of flats near the defunct Tanjong Pagar Railway Station will be rented out to low-income households starting November. They will be leased under HDB’s Public Rental Scheme (PRS) and Interim Rental Housing (IRH) scheme, reported The Straits Times.

The flats comprise 318 units; of which, 208 are one- to two-room flats that will be offered under PRS, while the remaining 110 three-room flats will be rented out under the IRH. At present, the flats are undergoing painting and refurbishment work.

The rental prices of these flats are heavily subsidised. Rentals for households earning S$800 or less range between S$26 and S$165 per month, while those earning S$800 to S$1,500 will need to pay S$90 to S$275 each month.

According to a spokesman for the Housing Board, the flats will be earmarked for applicants on HDB’s waiting list. These flats will have a tenancy period of two years but subject for renewal.

Furthermore, the IRH scheme is targeted at households presently waiting for public rental flats and families who need urgent accommodation. It also caters to households who need some time to work out their finances before they can afford open-market rents or to buy smaller flats.

Commenting on HDB’s move, Nicholas Mak, Research Head at SLP International, said: “With regard to the supply crunch on available flats, these units can help to bring a bit of relief to those who need rental flats immediately.”

Meanwhile, the Singapore Land Authority is calling on interested parties to bid to rent a bungalow in Spooner Road. The property can be used as an eldercare facility or childcare centre.

View the original article here

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