Permanent residents (PRs) in Singapore owned 48,700 HDB flats as of September this year, according to latest figures released by the Ministry of National Development (MND). This was revealed yesterday after Ang Mo Kio GRC MP Ang Hin Kee requested an update. He asked how many PRs who are not residing in the country have obtained approval from the HDB to rent out their flats. In a written response, MND said 1,967 (around four percent) of the 48,700 flats owned by PRs were being sublet with approval from the HDB. MND noted that these flat owners were granted approval, as they had met their Minimum Occupation Period (MOP). Another 295 PRs received approval from the HDB to sublet their flats during their MOP, with 261 of them working overseas. For the latest property news, trends, resources and expert opinions, visit our property news section. Home buyers, sellers or property renters looking for a Singapore property may like to visit http://www.propertyguru.com.sg today.
