Friday, August 5, 2011

HDB to review model for rental housing scheme

SINGAPORE - The Housing and Development Board (HDB) is reviewing the leasing model for the Interim Rental Housing scheme, which was launched in 2009 to help needy families find temporary accommodation while waiting for permanent housing solutions.

Currently, these families live in housing blocks spread across the island which are slated for redevelopment. These blocks are leased to operators - such as EM Services and LHN Group - to manage.

While the scheme provides units for rent "at below market rates", the operators can decide how much to charge other tenants, who could be Singaporeans, permanent residents, students or those with employment or S-Pass permits.

About 1,400 of the 2,200 flats slated for redevelopment are offered at market rental rates, while 800 are set aside for interim rental housing.

Responding to Today's queries, the HDB said it "has drawn learning points from the current contracts" and more details will be made available once the review is complete. The HDB's response comes amid calls by at least two Members of Parliament (MPs) for the authority to review the scheme in view of the shortage of such units.

More details at http://www.todayonline.com

Source : MediaCorp Press Ltd by Leong Wee Kiat

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