Housing & Development Board Analysis Essay Example

or cannot afford private properties. This surge in demand has also resulted in an increase from "downgraders," who have sold their private properties and are willing to pay extra for some of these resale flats. In terms of rentals, instances of subleasing rose by approximately four percent, with 6,891 occurrences in the second quarter increasing to 7,142 instances in the third quarter. The number of HDB flats approved for subleasing also saw an increase from 41,814 units in the second quarter to 42,920 units in the third quarter. Mr Han mentioned that property prices have actually risen by 92% to 93% over the past five years instead of decreasing. Due to this trend, many sellers opt to retain their properties with hopes of higher capital returns within the next year. Renting HDB rental flats with four or five rooms typically costs around S $2,000 to S $2,500 per month – an appealing option for those seeking affordable accommodation. Furthermore, compared to other residential property types, HDB flats offer higher yields ranging from 4.5% to five percent compared to only 2.5% to 3.5% for private propertiesMr Koh stated that if resale flat prices are excessively high, some people may opt to rent instead until prices decrease. In response, the HDB has introduced an online service that enables the public to search for fully rented HDB flats offered by owners. This initiative aims to enhance transparency and provide valuable information to prospective renters and flat owners, empowering them with better decision-making capabilities.