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22-12-2022, 11:28 PM
If investigations conclude that a flat was not owner-occupied during the MOP, HDB may “compulsorily acquire” the flat, impose a financial penalty of up to S$50,000 or issue written warnings.
Flats that are compulsorily acquired by HDB under these circumstances will also be put up for sale as sale of balance flats.
Under the Housing and Development Act, owners whose flats are compulsorily acquired by HDB will be debarred from buying a subsidised flat. That means they cannot buy a flat from HDB or buy a resale flat with a CPF Housing Grant.
They will also not be allowed to take over a flat by changing the flat's ownership and they cannot rent a public rental flat from HDB.
These individuals also cannot be included as occupiers in the application of such flats.
“Any application in the HDB queue for a subsidised flat made prior to the debarment will also be cancelled. For failure to occupy an HDB flat, the debarment period is five years,” said HDB.
More at https://www.bannedsite.com/forum/current...rning-liao
Flats that are compulsorily acquired by HDB under these circumstances will also be put up for sale as sale of balance flats.
Under the Housing and Development Act, owners whose flats are compulsorily acquired by HDB will be debarred from buying a subsidised flat. That means they cannot buy a flat from HDB or buy a resale flat with a CPF Housing Grant.
They will also not be allowed to take over a flat by changing the flat's ownership and they cannot rent a public rental flat from HDB.
These individuals also cannot be included as occupiers in the application of such flats.
“Any application in the HDB queue for a subsidised flat made prior to the debarment will also be cancelled. For failure to occupy an HDB flat, the debarment period is five years,” said HDB.
More at https://www.bannedsite.com/forum/current...rning-liao
