More HDB flat owners renting out units
They are retaining their flats 'even as they upgrade to private property'
More Housing Board flat owners have been renting out their units in recent months - a phenomenon attributed to upgraders who want to keep their flats even as they move on to private property.
HDB figures last month showed a 6 per cent rise in subletting transactions between the first and second quarters of this year, from 7,410 cases to 7,891.
The number of transactions in the second quarter was also about 15 per cent higher than the 6,900 cases in the same period last year.
More flats were also rented out last month - 1,760 according to Singapore Real Estate Exchange (SRX) estimates, up 27 per cent from 10 months ago.