Non-Malaysian Foreigners Can Rent HDB Flats For A Longer Period Starting Next Year
HDB owners can rent out their flats or rooms to non-Malaysian foreigners for a longer period of time, starting from next year in 2019.
The revised tenancy period allows non-Malaysian tenants to rent for a period of up to two years, a six month increase from the previous maximum of 1.5 years.
The Housing Board said on Tuesday (December 18) that the revision will give HDB owners more flexibility in securing longer tenancy periods with non-citizens who have work or immigration passes that are valid for a period of two years.
ZACD Group executive director Nicholas Mak told The Straits Times that extending the rental period means less hassle for landlords, tenants and the Housing Board, as renewals can be done less frequently.
However, the move is not expected to have an impact on the softening rental market, due to the restricted number of foreigners.
In addition, less than 4% of public housing is currently being rented out to foreigners, although this figure does not include those who rent bedrooms.
Nevertheless, the change is seen as a practical one that has been long overdue.