HDB flats are primarily for owner-occupation, and there are rules and checks in place to guard against misuse.
During the Minimum Occupation Period (MOP), owners are required to physically occupy the flat. This reinforces the home ownership principle that buttresses our public housing policies. Flat owners are not allowed to sell or rent out their flats, or purchase any other residential properties, until they have met the MOP. The MOP restriction applies to both HDB flats bought directly from HDB or the resale market.
We take the violation of MOP rules seriously and will not hesitate to carry out enforcement actions, including compulsory acquisition of the flat if required. Here’s how we are committed to ensuring that BTO flats are owner-occupied:
If anything the property agent who submitted the above listing should also be investigated for complicity in the sale arrangement.
This should serve as a wake-up call that the flat you "bought" is in actual fact spiraling all the way down to zero value wise; thereafter HDB happily takes it back and you are left with absolutely NOTHING.
SINGAPORE — Senior Minister of State for National Development Sim Ann posted on her Facebook page on Sunday (11 Dec) rebutting Non-constituency Member of Parliament, Leong Mun Wai, who recently made a social media post with regards to the pricing of Build-To-Order (BTO) flats by the Housing Development Board (HDB).
Ms Sim said Mr Leong continues to question if the HDB subsidies are sufficient to make BTOs affordable. “Essentially, Mr Leong wants the Government to price BTOs much lower, disregarding land costs if necessary,” she said.
Ms Sim assured everyone that the government has kept BTOs affordable for Singaporeans and will continue to do so. She said that for most Singaporeans, the home price to annual income (HPI) ratio is only about 4 to 5 times.
“In comparison, in global cities HPIs range from 8 times to well over 20 times,” she said.
Ms Sim said that the government has…
Sim Ann is just another FOS lackey trying her hardest to defend her well-paying masters. Pui!!!!
Perhaps one day the BTO flat becomes so small it could actually "fit" atop a bicycle 🤪
Singapore has not traditionally had a renting culture. Until recently, it was a given that young people continued to live with their parents until marriage.
But times are changing, and some young Singaporeans today have values that converge sharply with those of previous generations. Renting a home away from one’s parents, once seen as a departure from conservative family values, is now becoming more popular as more young people choose to fly the coop in a bid for more space and independence.
What is more, renting is no longer a temporary band-aid while waiting for purchased accommodation to be ready.
According to the PropertyGuru Singapore Consumer Sentiment Study H2 2022, 2 out of 5 renters intend to continue renting for up to two years before buying a home, while 21% do not have a clear plan on how long they intend to rent.
For those accustomed to thinking of renting…
Here's a chance (well sort of) to be heard! Have all your family and friends request bigger-sized flats in this survey:
https://services2.hdb.gov.sg/survey/se/16DCE1663EB2C484
SINGAPORE - Home loan rates in Singapore have gone past 3 per cent to a new high with the latest move by UOB.
The previous high in recent times was 2.88 per cent in mid-2019.
UOB on Wednesday night (June 29) raised the rate on its three-year fixed rate package to 3.08 per cent per annum, from 2.8 per cent previously.
UOB said there is no change to its floating rate package, which is pegged to the three-month compounded Singapore Overnight Rate Average (Sora) plus a margin of 0.8 per cent.
The rate for its two-year fixed rate package was raised to 2.98 per cent per annum from 2.65 per cent.
Are you worried about rising mortgage rates? Here's what you need to know if you're paying off a home loan in Singapore.
