MND announces stricter ownership criteria for HDB flats in prime areas, including 10-year minimum occupancy period

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SINGAPORE — The Government is setting tighter criteria for homeownership for new HDB flats to be built in prime locations such as the Greater Southern Waterfront and the city centre and towns surrounding it.

 

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To reduce the risk of speculative buying, homeowners cannot sell these flats until they have lived there for at least 10 years. Singles, though, will not be allowed to buy these flats from the resale market even if they have turned 35 years old. Read on:

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