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- How to make your property more rentable?
- How to determine the right rental price?
- What is the eligibility to rent the HDB flats, either rooms or whole unit?
- How to check the eligibility of the tenant?
- Why need a help of agent to lease out your rooms or unit?
- How much you need to pay the commission if you engage the agent for help?
- How to make your property more rentable?
"It appears that in the last analysis. improving the marketability of the property depends on your attention to detail and good taste."
- Kitchen and bathrooms should be sparkling clean. Never underestimate these facilities because they are know to speed up the rental of many properties.
Do not neglect the appearance of visible surfaces. Counter tops, staircase railings windows and reachable surface should be as clean as possible.
Fix all leakages because they can be a real hitch to any rental. Attention should be paid on leaking faucets, cracked pipes or sewers.
Give your property a fresh coat of paint on both its interior as well as exterior. Remove flakes or fungus from all surfaces, before adding a coat of fresh paint.
Rooms should be kept clean and tidy. Turn on light in dark rooms and raise shades and curtains.
Be aware of odours. Prospective tenants can be easily put off by scents or smells thay dislike. It is good idea to take pro-active steps by using air-fresheners, a potpourri of country flowers or mild fragrances.
Keep garden freens well-trimmed and maintain clear walkways. Improve your garden ambience by using cultivated flowers and fresh blooms.
Finally, do not forget to give your property that careful 'once-over'! Attending to inexpensive repairs goes a long way towards enhancing the value of your property.
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- How to determine the right rental price?
The main factors inflect the rental rates mostly depend on:
• Market supply and demand forces
• Location, eg. near town, MRT, market, school and etc
• Size and type of housing unit selected
• Choice of furnishing -- unfurnish, partial or fully
• Existing condition, renovated, air-con and etc
• The level / storey of housing selected
• Range of recreational facilities available, eg. condo facilites, sport complex, park and etc
]
Standard Rental Rates at Outside Central Area (HDB)
(example Jurong, Clementi, Bt. Batok, Woodlands, Sembawang, Yishun, Punggol, Sengkang, Bedok, Pasir Ris, Simei, Tampines and etc)
(i) The average estimation rental rates (HDB)
of rooms are:-
| Room Type | Average Rental Price |
| Single | S$ 250 - S$ 350 |
| Twin | S$ 350 - S$ 400 |
| Master | S$ 400 - S$ 550 |
| Air-Con | S$ 50 |
** Please note that the rental will be increasing
from S$30 - S$200 when the premises near to Central
Area, like Toa Payoh, Orchard, China Town, Tanjong Pagar, Bugis and etc.
(ii) The average estimation rental rates (HDB) of whole units are:-
| Property Type | Average Rental Price |
| HDB 2-room (1+1) | S$ 600 - S$ 800 |
| HDB 3-room (2+1) | S$ 800 - S$ 1,000 |
| HDB 4-room (3+1) | S$ 1,000 - S$ 1,200 |
| HDB 5-room (4/3+1) | S$ 1,000 - S$ 1,300 |
| HDB Executive Flat (EA or EM) (4/3+1) | S$ 1,100 - S$ 1,400 |
**HDB 5-room (4/3+1) : 4 bedroom or 3 bedroom plus 1 hall
** Please note that the rental will be increasing
from S$100 - S$500 when the premises near to Central
Area, like Toa Payoh, Orchard, China Town, Tanjong Pagar, Bugis and etc.
Standard Rental Rates at Outside Central Area (Condo)
(example Jurong, Clementi, Bt. Batok, Woodlands, Sembawang, Yishun, Punggol, Sengkang, Bedok, Pasir Ris, Simei, Tampines and etc)
(i) The average estimation rental rates (Condo) of rooms are:-
| Room Type |
Average Rental Price |
| Single |
S$ 350 - S$
450 |
| Twin |
S$ 450 - S$
550 |
| Master |
S$ 550 - S$
750 |
| Air-Con |
S$ 50 |
** Please note that the rental will be increasing
from S$50 - S$300 when the premises near to Central
Area, like Toa Payoh, Orchard, China Town, Tanjong Pagar, Bugis and etc.
(ii) The average estimation rental rates (Condo) of whole units are:-
| Property Type |
Average Rental Price |
| Condo 800 sqft - 1,050 sqft (1+1) |
S$ 1,000 - S$
1,500 |
| Condo 1,050 sqft - 1,150 sqft
(2+1) |
S$ 1,200 - S$
2,000 |
| Condo 1,150 sqft - 1,500 sqft
(3+1) |
S$ 2,000 - S$
3,500 |
| Condo 1,500 sqft - 2,500 sqft
(4+1) |
S$ 3,500 - S$
5,000 |
** Condo 1,150 sqft - 1,500 sqft (3+1) : Condo with built-in area, 1,150 sqft -
1,500 sqft for 3 bedroom plus 1 hall
** 1 m2 = 10.764 sqft
** Please note that the rental will be increasing
from S$200 - S$1,000 when the premises near to Central
Area, like Toa Payoh, Orchard, China Town, Tanjong Pagar, Bugis and etc.
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- What is the eligibility to rent the HDB flats, either rooms or whole unit?
Subletting Rooms (HDB)
Depending on the flat type, the table below shows the maximum number of bedrooms that owners can be subletted.
| Property Type |
No. of Bedrooms |
| HDB 3-room |
1 |
| HDB 4-room |
2 |
| HDB 5-room |
2 |
| HDB Executive Flat (EA or EM) |
2 |
** Owners of 1 and 2-room flats are not allowed to sublet bedrooms.
** Max. 3 persons per room
Subletting Whole Unit (HDB)
HDB owners who are subletting their whole flat must first seek approval from the HDB Branch Office managing the flat.
Owners are only allow to subletting their whole flat with at least one of the reason as below :
- Lessees/spouses who are government or statutory board employees required to stay in institutional quarters and their family members or authorised occupiers are residing with them in the institutional quarters.
- Lessees/spouses who are residing in premises provided by their employer and their family members or authorised occupiers are residing with them in these premises.
- Lessees who are going overseas for work or study Or who are accompanying spouses to go overseas for work or study and their family members or authorised occupiers are accompanying them overseas.
- Lessees who are going overseas for work or study Or who are accompanying spouses to go overseas for work or study and they leave behind lessees/ authorised occupiers who cannot take care of themselves.
- A lessee who is the sole occupier of the flat and requires hospitalisation for more than 6 months.
- Lessees/spouses who are tenants or subtenants of HDB rental shops with living accommodation and they have to stay at the shop premises to look after their business together with their family members or authorised occupiers.
- Lessees/spouses who are owners, tenants or subtenants of HDB sold shops with living accommodation and they have to stay at the shop premises to look after the business together with their family members or authorised occupiers.
- Lessees/spouses who are owners, tenants or subtenants of a private commercial property with living accommodation and they have to live there to look after their business together with their family members or authorised occupiers.
- Lessees who have passed away and have left behind a minor child (i.e. child under 21 years of age). The grandparents/guardians or public trustee who are holding the flat in trust for the minor child may sublet the entire flat.
- A sick or physically unfit lessee who is the sole occupier of the flat and needs to stay with his/her children/relatives so that he/she can be taken care of.
- Lessees who have occupied their flats for at least 5 years and do not have an outstanding HDB loan.
- Lessees who have occupied their flats for at least 10 years.
- Other reasons acceptable to the HDB. Please check the approval from HDB Branch Office managing the flat.
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- How to check the eligibility of the tenant (HDB)?
The tenants must be at least one of the condition as below:
- The subtenants must be Singapore citizens, Singapore permanent residents, or non-citizens legally domiciled or lawfully residing in Singapore.
You can verify the Foreigner Immigration Status
and Tenants' Employment Pass / Work Permit Status online.
- The subtenants must not be tenants/owners of other HDB flats except for :
- tenants/owners who are divorced/legally separated and are able to produce documentary evidence of the divorce/legal separation. Only one of the divorced/separated parties can be a subtenant of another flat.
- owners who are eligible to sublet their whole HDB flat under the approved categories of subletting. However, they must sublet their own flat within one month after they have rented an HDB flat from other flat owner. They must resume occupation of their own flat if they fail to sublet the flat within the one-month grace period.
- The subtenants must not be owners of any Executive Condominium units where the 5-year Minimum Occupation Period has not expired.
Landlords should review the applicant's credit history and approve only qualified tenants. This is to prevent the bad debt problem later.
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- Why need a help of agent to lease out your rooms or unit?
Professional housing agent able to market and lease your property to the prospective tenants with best character and highest rental price in shorten period.
As a professional, he/she should be willing to help you in the all matters as below:
- Vital to have a middle man
- Marketing your unit, like advertisement (Local Press, Online Ad)
- Stress free negotiation with tenants
- Avoid direct emotional and sensitive comments
- Easier for an agent to deal with another agent
- Entertain tenant's / agent's Call 24 hrs
- Check on eligibility, credit history, and affordability of tenants
- Update you the changing of HDB regulations
- Update you the rental procedures and matters.
- Help in preparing all the paperwork, like tenancy agreement for the tenants to sign.
- Company provide full support
So, you can live in peace and carry-on with daily activities.
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- How much you need to pay the commission if you engage the agent for help?
The recommended commission/fee for real estate transactions have been defined by Institute of Estate Agents (IEA), you can directly read it online at
www.iea.org.sg
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