Property News · March 6, 2018

Rules eased for divorcees looking to buy subsidised HDB flats


View of HDB flats in Singapore.
To better support the housing needs of divorced parents and their children, the Housing and Development Board (HDB) will scrap a policy which only allows one party to buy or own a subsidised flat within three years from the date of their divorce.
The removal of this policy was announced by National Development Minister Lawrence Wong at the Ministry of National Development’s Committee of Supply debate today, and applies to flat applications received on or after 6 March.
“Both parties in the divorce will be able to buy or own a subsidised flat each upon divorce, as long as they are each able to meet the eligibility conditions for flat purchase,” said HDB. 
Check out HDB flats for sale in Singapore.
 
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

Source : proppertyguru.com.sg/Property Market
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