Vision

To be the leading provider of affordable, quality and appropriate rental properties for our customers

Mission

The Public Rental Board will achieve its vision through:

  • Facilitating the development of affordable and quality rental housing to meet the socio economic needs of customers.
  • Maintaining efficient and effective customer service to meet customer expectation.
  • Maintaining and enhancing flats to Public Rental Board standards.
  • Empowering customers through innovative public relations and community building.
  • Providing cohesive communities while enhancing commercial openings that can be used to facilitate win – win opportunity for everyone.
  • Undertaking profiling and analysis of existing and potential customers.
  • Promoting Public Private Partnership (PPP) for innovative development and funding.

Corporate Values

Quality Customer Service

  • Our customers are foremost in our minds.
  • We strive for the highest professional standards, delivering our products and services that satisfy our customers.

Duty of Care

  • We respect each other and show concern for one another’s well-being.
  • We have trust and confidence in one another’s ability.
  • We value and appreciate each other as corporate citizens caring for the welfare of the community.

Learning

  • We believe in lifelong learning.
  • We upgrade our skills and knowledge so that we can give our best to PRB.

Innovation

  • We seek new and creative ideas to improve our products and services.
  • We consciously implement productivity improvements in all areas of our work for a viable organisation.

Teamwork

  • We believe in working as a team and helping each other to overcome difficulties and achieve common goals.

Corporate Objectives

PRB will undertake to achieve the following objectives:

  1. Re-profiling
    • Re-profiling of customers in order to obtain a better understanding of PRB customers.
    • Provide Government with a more precise determination of rental subsidy.
    • Definition and assertion of socio-economic standing of the income range of PRB customers.
    • Encourage homeownership for customers earning above $317 weekly household combined income.
  1. Rent Review
    • Ensure equitable distribution of rental subsidy and social cost (non-commercial obligation) compensated by Government.
    • Maintain rentals at viable level.
    • Increase income.
  1. Government Grant and Aid
    • Continue assisting financially disadvantaged tenants.
    • Building more flats that are affordable to customers.
    • Subsidy on construction costs.
    • Rental subsidy requested to Government to make rental affordable to customers.
  1. Rental Property Stock versus Demand
    • Better information and viable partnerships with other developers of low cost rental accommodation to meet demand.
    • Plan and construct at least 500 flats per annum.
  1. PRB’s Cost Structure
    • PRB recognises that its current cost structure needs to be reduced and benchmarked.
  1. Socio Economic Obligation
    • Reduce squatter settlements.
    • Promote healthy living.
    • House urban workforce.
    • Housing tenants in export finance and import substitute industries.