HDB: Renting Procedures in Singapore

I realized soon after writing a post about how much you can expect to pay for your initial HDB rental payments and the new HDB registration law, I should actually go into the rental procedure itself. Well, it looks like I finally got round to it! It’s not a complicated procedure, and I’m sure you’ll be able to wrap your arms around it in no time.

Let’s start with the things you’ll have to bring along:

  1. Photocopied passport
  2. Photocopied employment pass
  3. Good faith deposit of one month rental

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HDB: COVs at a Record High

toa_payoh_hdb_hub_by_night_by_habib555 The Straits Times reported yesterday that the median Cash-over-valuation (COV) for HDB flats hit a new high in the fourth quarter of 2009. COVs are cash premiums that a buyer has to pay over the bank’s valuation of the flat. Why do we have to pay a COV, you might ask.

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Pvt. Property: Good Class Bungalows (GCBs)

Good Class Bungalows (GCBs) are the crème de la crème of Singapore real estate. Typically among the most expensive homes, they provide their owners with the semblance of a sanctuary in land-scarce Singapore. Their popularity can be attributed to the government’s efforts to keep them as exclusive as possible through the use of stringent regulation and controls. The following should come to mind the next time you hear the term ‘GCB’:

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HDB: Landlord to Register Tenants

Our millionaire ministers have recently passed the Moneylenders (Amendment) Bill last Tuesday which introduced a new ruling affecting landlords. For all tenancies after Feb 1, landlords will have to provide details about their tenants to HDB. Those already subletting their flats have been given a 6-month grace period to register with the HDB.

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