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The rental flats in the complex costed $120 per month at the time of its opening. [17] However, the complex did not include a multi-storey car park. [18] [19] When HDB first started, the flats were initially designated solely for rental to aid low income Singaporeans. However, in 1964, HDB decided to release the flats for sale instead.
The HDB also provides public housing for rental, which consists of smaller units, such as one- and two-room flats, and is mainly provided for lower-income households and households waiting for their purchased flats. Rental public housing has lower income requirements than lessee-occupied public housing. [81]
One of the original HDB flats constructed in 1960, in July 2021.. On the Housing & Development Board (HDB)'s formation, it announced plans to build over 50,000 flats, mostly in the city, under a five-year scheme, [7] and found ways to build flats as cheaply as possible so that the poor could afford to stay in them. [8]
The demand for BTO flats was low in the first years, resulting in the cancellation of 5 projects as they did not meet the requirement of minimum 70% application ratio. However, once the demand recovered, HDB has launched between 20 and 40 BTO projects annually since 2010, which consists of 15,000–28,000 units.
The estimated cost for the full EASE package, including the installation of all improvement items and ramps, varies according to flat type. For elderly residents living in HDB rental flats, the full cost of the EASE improvements is covered by the government.
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