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Thread: Allow private home owners to buy HDB flats to live in

  1. #1
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    Default Allow private home owners to buy HDB flats to live in

    Allow private home owners to buy HDB flats to live in

    Apr 5, 2017


    The announcement about 880,000 households that will receive $120 million worth of rebates for service and conservancy charges (S&CC) brings to mind an existing Housing Board policy that seems rather inequitable (880,000 HDB households to benefit from S&CC rebates; last Friday).

    HDB flat owners are allowed to purchase private property, but private home owners are not allowed to buy HDB flats.

    Instead, they have to dispose of their private property should they wish to buy a HDB resale flat.

    The rule is unfair because many HDB flat owners have been able to buy private properties for investment instead of using them as a primary residence.

    A private property caveat search will reveal that studios and one-bedroom apartments make up many of these purchases.

    Given the size limitations, it is unlikely that the buyers will be moving in to live in their new private homes.

    Such HDB flat owners are certainly not lacking in financial resources.

    They are not only asset-rich but also cash-rich, while many private property owners may be asset-rich but cash-poor.

    Also, those who live in private properties are excluded from many government schemes that help defray costs, including S&CC rebates and various upgrading schemes that enhance the value of HDB estates and individual flats.

    These are all funded by taxpayers.

    Is it not time to level the playing field by allowing private property owners to buy HDB flats to live in, and allowing them to keep their property as an investment that will generate passive income?

    Many HDB flat owners are already doing this.

    Lee Heng San

  2. #2
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    Waiting......

  3. #3
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    unfair??? there are many things are unfair

  4. #4
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    Maybe better no more rebates for households own private property. Those own hdb and private property, regardless of buying order, should not get the charity

  5. #5
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    HDB owners who also own private properties will not receive GST rebate, S&CC rebate etc.

  6. #6
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    HDB owners who drive Continental cars ...will not recv GST rebate or any freebies

  7. #7
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    What I said was a matter of fact. One only need to check the eligibility criteria for such grants & rebates in the gov portal.

  8. #8
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    an ignorant fellow trying to be witty! LOL.

  9. #9
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    Jul 2014
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    Amazing right!. Complaining about uneven playing field. Claiming that many property owners are asset rich and cash poor and yet asking for them to be allowed to purchase resale HDB with disposing their private properties.

  10. #10
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    Jul 2014
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    Default

    correction: should be " without" disposing their private properties

  11. #11
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  12. #12
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    Rich or Poor only the person know, it all about relative to one's lifestyle.

    I also very poor, 1.8 million debt.

  13. #13

    Default

    it is the leader of singapore who can decide it.We have no choice.

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