{"id":99118,"date":"2018-10-04T10:54:51","date_gmt":"2018-10-04T03:54:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-plans-to-buy-back-unsold-flats-due-to-ethnic-integration-policy\/"},"modified":"2018-10-04T11:02:45","modified_gmt":"2018-10-04T04:02:45","slug":"no-plans-to-buy-back-unsold-flats-due-to-ethnic-integration-policy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-plans-to-buy-back-unsold-flats-due-to-ethnic-integration-policy\/","title":{"rendered":"No plans to buy back unsold flats due to Ethnic Integration Policy"},"content":{"rendered":"


\nThe policy was introduced in 1989 and ensures there is a balanced mix of ethnic groups in HDB estates.
\nThe government has no plans to buy back flats from homeowners who claim they are unable to sell their units due to the Ethnic Integration Policy (EIP), said National Development Minister Lawrence Wong in Parliament on Tuesday (3 Oct).
\n\u201cThe saleability of a flat in the open market is dependent on many factors, not just the EIP,\u201d he said in responding to MP Lim Biow Chuan\u2019s suggestion to help non-Chinese homeowners who are unable to sell their flats due to the EIP.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0and\u00a0BTO guides
\n\u201cWhile homeowners may have their own expectations of how much their flat can sell for, flat attributes such as location, storey height, physical condition, remaining lease and market sentiments would naturally be considered by prospective home buyers.\u201d
\nIntroduced in 1989, EIP ensures that there is a balanced mix of ethnic groups in HDB estates.
\n\u201cThe EIP is an important policy that is applied to all ethnic groups consistently,\u201d noted Wong.
\n\u201cIt applies to the sale and purchase of all new and resale HDB flats, and is implemented for all ethnic groups.\u201d
\nHe noted, however, that those who are struggling to sell their flats may be given an extension of time by HDB, while advising them to be realistic with their asking prices.
\n\u201cHDB will continue to exercise flexibility for households with exceptional circumstances,\u201d he added.
\nCan you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\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…No plans to buy back unsold flats due to Ethnic Integration Policy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The policy was introduced in 1989 and ensures there is a balanced mix of ethnic...<\/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-99118","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-pMG","jetpack-related-posts":[{"id":76198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flat-sellers-restricted-by-ethnic-integration-policy-may-get-extension-wong\/","url_meta":{"origin":99118,"position":0},"title":"HDB flat sellers restricted by ethnic integration policy may get extension, Wong","date":"January 10, 2018","format":false,"excerpt":"\r Owners of Housing and Development Board (HDB) flats who are finding it hard to dispose of their units due to the ethnic integration policy (EIP) can ask for an extension of time, revealed Minister for National Development Lawrence Wong in Parliament on Tuesday (9 December). \u201cFor those who are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ethnic-integration-policy-remains-important-to-building-racial-harmony-says-desmond-lee\/","url_meta":{"origin":99118,"position":1},"title":"Ethnic Integration Policy remains important to building racial harmony, says Desmond Lee","date":"July 6, 2021","format":false,"excerpt":"\r Ethnic Integration Policy remains important to building racial harmony, says Desmond LeeLee explained that the EIP remains \u201ccritical, because so much of our lives, and our children\u2019s lives, revolve around our homes and our neighbourhoods\u201d.\u00a0 Minister for National Development Desmond Lee believes the Ethnic Integration Policy (EIP) is still\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-Singapore-1.jpg?fit=810%2C422&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121102,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/any-potential-measure-to-reduce-eips-economic-impact-should-apply-to-all-races\/","url_meta":{"origin":99118,"position":2},"title":"Any potential measure to reduce EIP\u2019s economic impact should apply to all races","date":"July 27, 2021","format":false,"excerpt":"\r Any potential measure to reduce EIP\u2019s economic impact should apply to all racesWith more HDB flat sellers from minority groups coming forward to appeal the EIP, the Ministry of National Development\u00a0is carefully studying the situation. More flat sellers from the minority races have appealed the Ethnic Integration Policy (EIP),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Ghim-Moh-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ethnic-integration-policy-for-public-housing-a-direct-and-real-financial-burden-for-minorities\/","url_meta":{"origin":99118,"position":3},"title":"Ethnic Integration Policy for public housing\u2014a \u2018direct and real\u2019 financial burden for minorities","date":"June 28, 2021","format":false,"excerpt":"\r Ethnic Integration Policy for public housing\u2014a \u2018direct and real\u2019 financial burden for minoritiesThe Ethnic Integration Policy for public housing states minorities can only sell to another\u00a0minority member, should the majority race quota\u00a0been met, limiting the opportunity to sell their flats. Workers\u2019 Party (WP) Secretary-General Pritam Singh said minorities in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/older-hdb-flats-still-in-demand.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":125225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-buy-back-flats-from-owners-constrained-by-eip-yishun-hdb-jumbo-flat-sold-for-over-1mil-and-more\/","url_meta":{"origin":99118,"position":4},"title":"HDB to buy back flats from owners constrained by EIP, Yishun HDB jumbo flat sold for over $1mil, and more","date":"March 15, 2022","format":false,"excerpt":"\r 8th March to 14th March 2022 The Housing and Development Board (HDB) will offer to buy back flats from eligible owners facing difficulties selling their homes due to constraints from the Ethnic Integration Policy (EIP). Low-income families, who are second-timer applicants, planning to acquire\u00a0an\u00a0HDB flat will now enjoy higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/03\/HDB-BTO.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-exploring-ways-to-keep-public-housing-accessible\/","url_meta":{"origin":99118,"position":5},"title":"Government exploring ways to keep public housing accessible","date":"August 6, 2021","format":false,"excerpt":"\r Government exploring ways to keep public housing accessibleThe Government is working on making public housing, especially in prime areas, more inclusive amid growing income inequality.\u00a0 Second Minister for National Development Indranee Rajah said Singapore must think harder on how it could keep public housing accessible and inclusive, amid the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/HDB-flat-Singapore.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99118"}],"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=99118"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99118\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}