28/10/2021
๐ฐ Government announces new regulations for new prime location HDB flats!
๐ 10 Year Minimum Occupation Period (MOP) instead of the usual 5 years
๐ Possible reduction in portion of flats set aside for households near parents
๐ No renting out of entire flats within these prime locations
๐ $14,000 Cap on household income for resale buyers for half of the flat's 99 year lease
What do you think of these new regulations? Drop a comment below to let us know!
https://www.straitstimes.com/singapore/housing/subsidy-clawback-10-year-mop-for-new-prime-location-hdb-flats-to-keep-them?fbclid=IwAR2u5r_pZSDu2XkIpPquNwkfIJAuEdDwExifs4KuFAOgULR3mbu5Bf_Az4Y
Resale buyers of these flats must have a monthly household income of not more than $14,000, among other criteria.. Read more at straitstimes.com.