HDB Maximum Rental Period Now at 18 months

Early this year, most of our kababayans were surprised to find out that the maximum rental period of each contract is 18 months. Singapore’s Housing and Development Board (HDB) released a new ruling limiting the rental period for each contract to 1.5 years from the usual 2 years. It’s actually a two-edged sword because those who rent can no longer fix the rent for longer period and that also means that they’ll have to deal with the annual increase. On the other hand, the tenants can move out of the flat/contract without the fear of forfeited deposits.
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