HDB imposing quota on renting out to foreigners

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http://www.straitstimes.com/breaking-news/singapore/story/quota-hdb-subletting-foreigners-8-cent-neighbourhoods-11-blocks-201401

From Thursday (16 Jan), foreigners and permanent residents will not be able to rent more than:
1) 8% of flats in each Housing Board (HDB) neighbourhood
2) 11% units in each HDB block

The caps - the first of their kind - are "to prevent the formation of foreigner enclaves in HDB estates, and maintain the Singaporean character of our HDB heartlands", the Housing Board said in a statement.

Malaysians are exempt as they "can better integrate... due to their cultural and historical similarities with Singaporeans".

Existing tenants will not be affected immediately, as flat owners subletting their flats with HDB approval can continue to do so for the remaining period that was previously approved by the HDB.

The quota applies only to the subletting of whole flats and not rooms. This is to reduce the impact on those who rely on subletting for income, "especially the elderly and low-income households", added the Board.