HDB : Whats Changing!
Posted on 3/08/2010 11:06:00 PM by Jacky Teo
RESALE FLATS
Previously : Buyers had to occupy the flat for one year or 2.5 years, depending on how it was financed, before allowed to sell.
Now : The minimum occupation period is 3 years for all.
HDB CONCESSION LOANS
Previously : Only those upgrading to bigger flat could get HDB loan for a second time.
Now : Downgraders buying smaller flats are also entitled to a second loan.
QUOTAS FOR PRs
Previously : There were no quotas for non-Malaysian PRs buying flats in HDB blocks and neighbourhoods.
Now : There is a 5 % limit on these PRs in the neighbourhood, and 8% for individual blocks. Buyer must also meet the ethnic quotas.
INDIAN/OTHERS QUOTAS REVISED
Previously : The quota for Indians/Other was 10% at neighbourhood level and 13% for individual blocks.
Now : 12% at neighbourhood level, 15% for block / No change for other Races.
Chinese : 84% at neighbourhood level, 87% for block.
Malays : 22% at neighbourhood level, 25% for block.
FOR SINGAPOREANS MARRIED TO PRs
Their housing subsidy will be $10,000 lower than for Singaporean couples. But they will get the money back when the PR spouses become a citizen or they have a Singaporean Child.
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