URA: Max 6 Tenants in Private Properties

[Kelonguni]

At the same time, it reduces the benefits of those who buy way bigger than what they require (say a 5 bedder) and rent 2 bedrooms out.

Some multi generation households rent out 2 or 3 HDBs to support 1 huge private household (still allowed), and further rent out the private rooms (disallowed) if over 6 persons.

[teddybear]

Not they willing lah!
They have NO CHOICE because that is what their employer willing to provide!
Just like squeezing 30 people into a terrace house!

Here in SG we are grouching about not enough space when each of us probably have 25sqm or more.

There we have people willing to take 7 sqm per pax.

Interesting.

[Kelonguni]

So you saying this measure is actually squeezing the employer to pay up more for overall rent.

Not they willing lah!
They have NO CHOICE because that is what their employer willing to provide!
Just like squeezing 30 people into a terrace house!

[bargain hunter]

may i ask if anyone knows, how much does it cost to house 1 foreign worker in dormitories?

[teddybear]

I don't know the intention of the measure, so I can't comment.

However, I can only comment on the net effects of the measure that it would probably produce (my opinions):

1) Employers cannot no longer squeeze more people into a BIG property unit (even landed also max 6 people when previously they tried to squeeze 30 people or even more!).

2) Yet Employers now can squeeze more people into small units, like studios and mickey-mouse units to a max of 6 people (if they want to save costs).

3) Employers with many workers now may have no choice but to house their workers in special-purpose-built worker dorms, which according to newspapers, will cost these employers so much more than housing them in privately-owned residential properties. So yes, it increases the costs to these employers, and we would expect these to be passed to consumers.

So you saying this measure is actually squeezing the employer to pay up more for overall rent.

[Kelonguni]

http://www.propertyguru.com.sg/searc...tory-beds/rent
This says $300.

http://www.propertyguru.com.sg/searc...tory-beds/rent
This says from $190

[teddybear]

Here says S$300-350 pm.
http://studentry.sg/2016/02/04/singapore-largest-dorm/

may i ask if anyone knows, how much does it cost to house 1 foreign worker in dormitories?

[bargain hunter]

$350 each for 6 in a mickey mouse 1 bedder of 3xx or 4xx sq ft in geylang (where the oversupply is). good yield rite?

1 bedroom + 1 living room can be used for the 6 beds.

[Kelonguni]

Even take $350 X 6, the rent close one eye also $1,800 to $2,000.

Like that how to crash anything TB bro?

[Kelonguni]

Even take $350 X 6, the rent close one eye also $1,800 to $2,000.

Like that how to crash anything TB bro?

Personally, I prefer to rent to couple or small families if I have an MM unit though.

[bargain hunter]

Personally, I prefer to rent to couple or small families if I have an MM unit though.

of course lah. but some mortgagee sales of MM units starting to creep in mah. and many others < $2k also can't rent out. but now, there is the option to innovate.

[Kelonguni]

of course lah. but some mortgagee sales of MM units starting to creep in mah. and many others < $2k also can't rent out. but now, there is the option to innovate.

The option has always been there, at least up to 4 pax.

But more of passing over the excess persons to the vacant units I suppose.

But the landlords who rushed to renew >6 tenants several years ahead, I am also not sure if they ultimately lugi big cos if vacancy goes down very fast in the next quarters, they will be stuck with large number of tenants at a fixed lowest rent price.

I hope and trust the authorities will calibrate this well.

[maisonjai]

may i ask if anyone knows, how much does it cost to house 1 foreign worker in dormitories?

“The market is very different now,” says Shamkumar Subramani, CEO of TS Management Services, the operator and co-owner of Tuas View. “It used to be in the $300 range per worker just 12 months ago. Now, it is down to the $200-to-$250 range.”

Generally, companies sign a one-year tenancy agreement, but the operator also offers the flexibility of three- to six-month leases for those with foreign workers on a project basis, he says.
https://www.theedgeproperty.com.sg/c...99-dormitories


So many 2bed going for $2k. 3pax in each room. Free parking lot and easier to find girlfriends on Sunday too.
http://www.propertyguru.com.sg/singa...&beds%5B0%5D=2

Including arachon's favorite Terrasse.
http://www.propertyguru.com.sg/listi...ls%7C%7C15%7C2

Changi Court, layout pretty decent.
http://www.propertyguru.com.sg/listi...ls%7C%7C19%7C2

[bargain hunter]

do note that construction/marine workers who stay in dormitories cannot stay in residential apartments. next level is office admin staff at $400. 6*4 = $2.4k for 2 bedders?

[maisonjai]

Before 15 May, 2b $2k / 8pax = $250/pax
After 15 May, 2b $2k / 6pax = $333/pax

Just nice above $300, that was the price of dorm a year ago.
Before this regulation $250 is not far from dorm pricing yet employer still need to arrange transport to fetch them to/fro from Tuas. Time is money. those old Geylang apt/terrace lot of FW, like "mini Chinatown".

[maisonjai]

do note that construction/marine workers who stay in dormitories cannot stay in residential apartments.

I thought restriction is only hdbs, pte too?

"Workers in the marine and process sectors, including the chemicals and pharmaceutical sectors, will no longer be allowed to be housed in HDB flats from 1 May 2015, said media reports"
http://www.propertyguru.com.sg/prope...arred-from-pub


Anyway O&G a lot of layoffs, dorm vacancy rate is even higher now.

[teddybear]

Wow! Falling OCR private properties rental has attracted employers to rent private properties for foreign workers and cannibilised the dorms' business!
So the rules changed would give more business to dorms?

“The market is very different now,” says Shamkumar Subramani, CEO of TS Management Services, the operator and co-owner of Tuas View. “It used to be in the $300 range per worker just 12 months ago. Now, it is down to the $200-to-$250 range.”

Generally, companies sign a one-year tenancy agreement, but the operator also offers the flexibility of three- to six-month leases for those with foreign workers on a project basis, he says.
https://www.theedgeproperty.com.sg/c...99-dormitories


So many 2bed going for $2k. 3pax in each room. Free parking lot and easier to find girlfriends on Sunday too.
http://www.propertyguru.com.sg/singa...&beds%5B0%5D=2

Including arachon's favorite Terrasse.
http://www.propertyguru.com.sg/listi...ls%7C%7C15%7C2

Changi Court, layout pretty decent.
http://www.propertyguru.com.sg/listi...ls%7C%7C19%7C2

[maisonjai]

Wow! Falling OCR private properties rental has attracted employers to rent private properties for foreign workers and cannibilised the dorms' business!
So the rules changed would give more business to dorms?

OCR falling rental is always ur concern right?
URA can only level the playing field for dorm operators, whether dorms getting more business is up to market forces. Geylang apts will be a good indicator, must monitor.

[Arcachon]

“The market is very different now,” says Shamkumar Subramani, CEO of TS Management Services, the operator and co-owner of Tuas View. “It used to be in the $300 range per worker just 12 months ago. Now, it is down to the $200-to-$250 range.”

Generally, companies sign a one-year tenancy agreement, but the operator also offers the flexibility of three- to six-month leases for those with foreign workers on a project basis, he says.
https://www.theedgeproperty.com.sg/c...99-dormitories


So many 2bed going for $2k. 3pax in each room. Free parking lot and easier to find girlfriends on Sunday too.
http://www.propertyguru.com.sg/singa...&beds%5B0%5D=2

Including arachon's favorite Terrasse.
http://www.propertyguru.com.sg/listi...ls%7C%7C15%7C2

Changi Court, layout pretty decent.
http://www.propertyguru.com.sg/listi...ls%7C%7C19%7C2

So Smart, I think they only rent Terrasse others too expensive for them to rent.

[Arcachon]

Before 15 May, 2b $2k / 8pax = $250/pax
After 15 May, 2b $2k / 6pax = $333/pax

Just nice above $300, that was the price of dorm a year ago.
Before this regulation $250 is not far from dorm pricing yet employer still need to arrange transport to fetch them to/fro from Tuas. Time is money. those old Geylang apt/terrace lot of FW, like "mini Chinatown".

URA help them to move to condo. FW need better living place.

Now RES busy looking for FW to rent condo.

Soon you will have mini mart at condo for FW.

[anythingwhatever]

I thought restriction is only hdbs, pte too?

"Workers in the marine and process sectors, including the chemicals and pharmaceutical sectors, will no longer be allowed to be housed in HDB flats from 1 May 2015, said media reports"
http://www.propertyguru.com.sg/prope...arred-from-pub


Anyway O&G a lot of layoffs, dorm vacancy rate is even higher now.

Manufacturing Sector also affected:
http://www.straitstimes.com/singapor...permit-holders

[tonymontana]

Personally, I prefer to rent to couple or small families if I have an MM unit though.

there is a stipulation for private property that each occupant must be accorded space of at least 10sqm , hence for a MM unit , not more than 3-4 per unit. (assuming a 40 sqm unit).

https://www.99.co/blog/singapore/ren...st-know-guide/

[Kelonguni]

Strangely speaking, that rule disappeared from the rulebook.

What's left is only the tenant number.

there is a stipulation for private property that each occupant must be accorded space of at least 10sqm , hence for a MM unit , not more than 3-4 per unit. (assuming a 40 sqm unit).

https://www.99.co/blog/singapore/ren...st-know-guide/

[bargain hunter]

there is a stipulation for private property that each occupant must be accorded space of at least 10sqm , hence for a MM unit , not more than 3-4 per unit. (assuming a 40 sqm unit).

https://www.99.co/blog/singapore/ren...st-know-guide/

yes. that was what sparked off the discussion. the minimum 10 sq m per pax rule is gone.

[Kelonguni]

yes. that was what sparked off the discussion. the minimum 10 sq m per pax rule is gone.

Could also be a sign that more drastic changes are about to be made to our population policy.

Anyway we can only speculate and see what transpires, but it is definitely a good position to be in.

[mummy]

$350 each for 6 in a mickey mouse 1 bedder of 3xx or 4xx sq ft in geylang (where the oversupply is). good yield rite?

1 bedroom + 1 living room can be used for the 6 beds.

That would be unliveable...My 1+1 currently rented to 3 JCU students, still ok...I think max is 4 people in a 452 sq FT space...rented at S$2200 per month at Sims Ave opposite Aljunied Mrt.

[Kelonguni]

I can envisage a 1+study high ceiling unit being compartmentalised into 3 sections but I wonder how comfortable 6 people can be squeezing into it. Maybe if all same gender still possible. Need to customise furniture though.

That would be unliveable...My 1+1 currently rented to 3 JCU students, still ok...I think max is 4 people in a 452 sq FT space...rented at S$2200 per month at Sims Ave opposite Aljunied Mrt.

[mummy]

Mine currently has a queen sized bed in the living room and double decker single beds in master room...so can fit 4 people..
Dining room has a table and sofa for 2...

[bargain hunter]

I can envisage a 1+study high ceiling unit being compartmentalised into 3 sections but I wonder how comfortable 6 people can be squeezing into it. Maybe if all same gender still possible. Need to customise furniture though.

maybe 1 bedder is pushing it. 2 bedder with 2 toilets can try to fit in 6.

[mummy]

Yeah, my 1+1 only had 1 bathroom and only 452sq ft...3 -4 people already very squeezy...my tenants r young teenage students so not so fussy...