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Hi Chin Siew,

I assume you're referring to sublet of entire flat and not room rental. In my opinion, HDB rental may soften but not due to the newer flats.

These new HDB flats are mainly catered to first timers and upgraders. Both categories are not the typical tenants who are renting today. Most HDB tenants are PRs and foreigners who have been looking to buy but income could not catch up with the property upswing.

Should there be a price correction, some of these tenants will look to buy then renew their lease. There are also quite a lot of HDB upgraders who will move into their private apartments upon TOP over the next 1-3 years. This may result in more flats avail for rental and therefore lower HDB rental. However, the impact on areas with high concentration of blue-collar workforce such as Jurong and Woodlands would be minimal or none.

Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobile/WhatsApp: +65 9001-5060 
Email: jeron.lee@jllassoc.com Read More

Hi Chin Siew,

In a nutshell, as long as Singapore is still opening her doors to foreign workers and talents here, HDB rental in general will still be in good demand.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More