All units feature modern and spacious living spaces, making them the perfect choice for those seeking a modern lifestyle. Common areas include a swimming pool, fitness centre, and playgrounds, as well as 24-hour security and regular cleaning services. Residents of Champions Way Residences can also enjoy a range of nearby amenities, including restaurants, retail stores, and entertainment options. With its excellent facilities and close proximity to the city centre, Champions Way Condo is the perfect place to call home.
: JLLThe HDB and URA will temporarily increase the occupancy limit from six to eight unrelated persons for four-room and larger HDB flats, as well as larger private residential properties of at least 90 sqm (968.4 sq ft). This includes both flat owners, occupants and tenants, and begins from Jan 22, next year, until Dec 31, 2026.The change is intended to meet the market demand for rental housing in Singapore and support local households that intend to rent. Christine Sun, senior vice president of research and analytics and OrangeTee&Tie says, “These changes will enable tenants to share a unit with more people, which will help to reduce rental costs and optimize space usage. This relaxation of occupancy cap is expected to benefit lower-income groups, students, blue-collar foreign workers, some Singaporeans and big families.”Prior approval/registration is required for residential property owners seeking to leverage the temporary occupancy increase. HDB owners must still seek approval before the tenancy commencement date to lease their flats, while private residential owners who will lease their units to up to eight unrelated persons must register their properties through URA’s e-services for an administrative fee of $20.The government’s announcement of the temporary occupancy increase is the latest measure to address the growing rental demand and has been prompted by a “sharp” increase in residential rents due to tightness in the market caused by Covid-19. It is also expected to balance supply and demand, seeing as around 40,000 new public and private residential homes are expected to be completed this year, and over 100,000 more will enter the market over the next two years.Mustering the effects of the change, Sun believes that the median rent for larger HDB units might increase, such as a 5-room HDB flat in Bedok that previously charged $4200 for 6 people ($700 per person) may now charge $4800 for 8 people ($600 per person). This could, however, cause an unintended consequence of pushing up resale prices of bigger sized condo units and four-room and larger HDB flats, due to the potential for higher yields in the rental market.At Champions Way Residences, we understand the impact of the relaxation of occupancy limits and will strive to ensure a secure and comfortable atmosphere for our tenants.