Replying to MPs’ questions in Parliament on Tuesday , she said the average year-on-year increase in open market rents for three-room, four-room and five-room HDB flats was five per cent in 2021. This increased to 35 per cent in 2022 amid the easing of border restrictions and recovery of non-resident rental demand. Ms Indranee pointed out that HDB has implemented a suite of measures to support households which need rental accommodation.
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