Happy news for retirees
HDB rental market remains strong with high demands from foreigners. The median rents for 2 rm is $1,000 pm and 3 rm is $1,400. Now, that will take care of my retirement surely. No need CPF Life or buy back schemes. If people can start a family with a $1,200 income, $1,400 will be too much for a retiree who is happy with instant noodles and 3 in 1s. And for the bigger flats, 4 rm can fetch $1,600 while 5 rm can get $1,800. Singaporeans who own a HDB have it made. No more worries. Just pray hard that more foreigners will come to our shore and continue to drive up rental demands. Now I am fully convinced that we need more foreign workers, foreign talents or anything, as long as they are foreigners and can afford to pay more for renting HDB flats.