According to Orange Tee's Senior Vice President of Research & Analytics, Christine Sun, the HDB rental market may face a triple whammy.
First, new home supply will fall as the number of Minimum Occupation Period (MOP) flats continue to decline.
Sun said flats obtaining their five-year MOP are slated to drop significantly from 31,325 units in 2022 to 15,748 units in 2023; dipping further to 13,093 units in 2024 and 8,234 units in 2025.
Second, rental stock will shrink in the long term as tenants sign longer leases.
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