Stricter criteria for public housing in prime areas could deter some new families, say property analysts

Stricter criteria for public housing in prime areas could deter some new families, say property analysts

27/10/2021 5:22:00 PM

Stricter criteria for public housing in prime areas could deter some new families, say property analysts

SINGAPORE — Newly announced conditions for the purchase of public housing in prime locations are meant to encourage Singapore residents to live in these homes for the long term, but they could deter some new families wishing to have children from buying such flats, property analysts said.

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No plans to relax Covid-19 curbs for Chinese New Year holidays: Lawrence Wong

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Stricter criteria for public housing in prime areas could deter new families, say property analystsSINGAPORE — While newly-announced conditions for the purchase of public housing in prime locations are meant to encourage Singaporeans to live in these homes for the long-term, they could deter new families wishing to have children from buying such flats, said property analysts.

MND announces stricter ownership criteria for HDB flats in prime areas, including 10-year minimum occupancy periodSINGAPORE — 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. 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:

MND announces stricter ownership criteria for HDB flats in prime locations, including 10-year minimum occupancy periodSINGAPORE — 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.

10-year minimum occupancy period for new flat owners in prime areas: HDBThe government will also limit the profile of those eligible to buy such flats in the resale market. For example, buyers are subject to a $14,000 household income ceiling, while at least one of them must be Singaporean.

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