{"id":102968,"date":"2019-01-15T11:13:02","date_gmt":"2019-01-15T04:13:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-households-disposed-their-private-homes-after-buying-hdb-resale-flats\/"},"modified":"2019-01-15T12:03:42","modified_gmt":"2019-01-15T05:03:42","slug":"over-5000-households-disposed-their-private-homes-after-buying-hdb-resale-flats","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-households-disposed-their-private-homes-after-buying-hdb-resale-flats\/","title":{"rendered":"Over 5,000 households disposed their private homes after buying HDB resale flats"},"content":{"rendered":"


\nBuyers of resale flats are not allowed to retain ownership of private homes in Singapore or abroad.
\nWith HDB flats meant for owner-occupation, buyers of resale flats are not allowed to retain ownership of private residential properties in Singapore or abroad, explained the Ministry of National Development in a written reply to Parliament on Monday (14 Jan).
\nIn fact, slightly over 5,000 Singaporean households have disposed of their private residential properties after buying HDB resale flats since the policy was rolled out in 2010.
\nOver the past three years, around 1,200 households have appealed to retain ownership of their private homes.
\nHDB has acceded to around 300 appeals after taking into account specific facts of the case, such as the share of the owner in the private home and the reasons why the private home could not be recovered for his or her own use.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Over 5,000 households disposed their private homes after buying HDB resale flats<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers of resale flats are not allowed to retain ownership of private homes in Singapore...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102968","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qMM","jetpack-related-posts":[{"id":142312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-calls-for-reduction-of-15-month-wait-period-tweak-absd-property-tax-revenue-to-increase-600-million-in-2024-and-more\/","url_meta":{"origin":102968,"position":0},"title":"PropertyGuru calls for reduction of 15-month wait period, tweak ABSD, Property tax revenue to increase $600 million in 2024 and more","date":"February 13, 2024","format":false,"excerpt":"\r PropertyGuru calls for reduction of 15-month wait period, tweak ABSD, Property tax revenue to increase $600 million in 2024 and more5 \u2013 13 February 2024\u00a0 In its budget wish list 2024, PropertyGuru has urged the government to reduce the 15-month wait for private property downgraders and withhold the Additional\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/02\/hdb-flats-singapore.jpg?fit=800%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123703,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flats-remain-attractive-as-investment-despite-restrictive-rules-under-plh-model\/","url_meta":{"origin":102968,"position":1},"title":"HDB flats remain attractive as investment despite restrictive rules under PLH model","date":"December 9, 2021","format":false,"excerpt":"\r Over the past 20 years, prices of resale HDB flats increased by 0.82%\u00a0quarter-on-quarter on average, or an accumulated growth of almost 70%. Aside from providing a roof over people\u2019s heads, housing is also considered as one of the biggest assets for over 90% of Singaporean households. In an article\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/HDB-EIP.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-hdb-resale-prices-a-thorny-issue-for-singapore-government\/","url_meta":{"origin":102968,"position":2},"title":"Falling HDB resale prices a thorny issue for Singapore government","date":"October 30, 2018","format":false,"excerpt":"\r HDB resale prices could slide by up to 2.0% this year. There could be severe political ramifications if the Singapore government fails to adequately address the downtrend in the prices of HDB resale flats and the loss of their value as the lease dwindles, reported Bloomberg recently. \u201cThe government\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/older-hdb-resale-flats-depreciate-slower-than-private-condos-study\/","url_meta":{"origin":102968,"position":3},"title":"Older HDB resale flats depreciate slower than private condos: study","date":"February 14, 2019","format":false,"excerpt":"\r The rate of price decline for older HDB flats was 3.0 percent, compared to older freehold and leasehold private units which depreciated by over 10 and 30 percent respectively. Prices of HDB resale flats depreciated slower than private non-landed homes (leasehold or freehold) when they reach 30 years and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/02\/Price-change-in-residential-properties-as-they-age.jpg?fit=903%2C716&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":124267,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gcb-sales-volume-to-ease-in-2022-increase-in-property-auction-listings-and-more\/","url_meta":{"origin":102968,"position":4},"title":"GCB sales volume to ease in 2022, increase in property auction listings and more","date":"January 17, 2022","format":false,"excerpt":"\r 11th January\u00a0to 17th January After a robust performance in 2021, the Good Class Bungalow (GCB) market is expected to see a drop in sales volume this year. On the other hand, the property auction market is forecasted to register a hike in listings, although the success rate is expected\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/01\/singapore-landscape-1.jpg?fit=770%2C433&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86794,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-8-in-q1\/","url_meta":{"origin":102968,"position":5},"title":"HDB resale prices down 0.8% in Q1","date":"April 30, 2018","format":false,"excerpt":"\r This is the highest decline seen for resale flat prices in over two years.\u00a0 Prices for HDB resale flats fell by 0.8 percent in the first quarter of 2018 \u2013 its highest decline for the last nine quarters since Q1 2016, according to more complete data released by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102968"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102968"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102968\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}