Eight Tenants in One Flat: Is the Extra Rent Worth It?

Summary

Eight tenants could mean more rental income, but does it actually mean more profit? Singapore's temporary occupancy relaxation allows eligible HDB and private residential properties to house up to eight unrelated persons until 31 December 2028, subject to the applicable conditions.

The potential upside: Six tenants paying $700 each bring in $4,200 a month. Eight tenants paying $650 each would generate $5,200, an extra $1,000 monthly or $12,000 annually before additional costs.

More tenants, more expenses: Higher utility bills, maintenance, cleaning, wear and tear, and potential tenant disputes can eat into the additional rental income.

Opening paragraphs from the PropNex propnex picks, shared by Ng Li Lian as a PropNex salesperson. Ask Li Lian for the full report.

Li Lian focuses on District 14, 15 and 16. Ask her how this affects the East Coast.