Khaw says some Singaporeans divorce to make $$$ from HDB flats, but PRs ok!

[Amaths]

It seems that PRs can make money by renting out HDB flat while staying in their home country, but PAP will pull out all the stops to prevent divorced Singaporeans from "abusing" the flats.

See the article at publichouse.sg

 

[streetsmart73]

hi there


1. one dot two systems work mah!

 

[tonychat]

It seems that PRs can make money by renting out HDB flat while staying in their home country, but PAP will pull out all the stops to prevent divorced Singaporeans from "abusing" the flats.

See the article at publichouse.sg

and what do you sinkies do beside posting in the forum?


check my signature!!!!

 

[Cestbon]

There are couple divorce in paper but they live together. Each buy one flat and rent out one flat. Nothing wrong.
Now single above 35 also can buy HDB.

 

[wMulew]

It seems that PRs can make money by renting out HDB flat while staying in their home country, but PAP will pull out all the stops to prevent divorced Singaporeans from "abusing" the flats.

See the article at publichouse.sg

U should check out this article

Married couples in Singapore have been faking their divorce in order to buy new flats to be rented. The flats rentals typically earn them an extra $2,000 to $3,000 a month.
Vice-president of real estate company Propnex, Mr Lim Yong Hock, told Lianhe Wanbao that such practices began about 10 years ago.

Property agents have been puzzled when couples show up to view a house together, despite being divorced.

After the couples proceed with the divorce, one party will keep the existing flat which they co-own, and the other party would buy another flat. One of the flats will then be rented.

According to Singapore's regulations, a single person above the age of 35 is eligible to own a flat on their own.

Mr Lim added that such arrangements between couples are hard to see through and even harder to foil.

In an earlier report last year by China Daily, couples in Shanghai had also faked their divorce and obtained fake divorce certificates to buy properties after the legislation passed a regulation which only allowed families to purchase only one apartment.

http://www.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20111003-303005.html

 

[wMulew]

It seems that PRs can make money by renting out HDB flat while staying in their home country, but PAP will pull out all the stops to prevent divorced Singaporeans from "abusing" the flats.

See the article at publichouse.sg

U should check out this report

Married couples in Singapore have been faking their divorce in order to buy new flats to be rented. The flats rentals typically earn them an extra $2,000 to $3,000 a month.

Vice-president of real estate company Propnex, Mr Lim Yong Hock, told Lianhe Wanbao that such practices began about 10 years ago.

Property agents have been puzzled when couples show up to view a house together, despite being divorced.

After the couples proceed with the divorce, one party will keep the existing flat which they co-own, and the other party would buy another flat. One of the flats will then be rented.

According to Singapore's regulations, a single person above the age of 35 is eligible to own a flat on their own.

Mr Lim added that such arrangements between couples are hard to see through and even harder to foil.

In an earlier report last year by China Daily, couples in Shanghai had also faked their divorce and obtained fake divorce certificates to buy properties after the legislation passed a regulation which only allowed families to purchase only one apartment.

http://www.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20111003-303005.html

 

[Amaths]

Great! So you are saying that because they is a handful of Singaporeans who are suspected of faking divorce, we should allow PRs to milk the system by collecting free rent?


http://www.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20111003-303005.html[/QUOTE]

 

[sta1100]

When other make $ HDB eyes RED, but when they make $$$ can no problem.

 

[Narong Wongwan]

When other make $ HDB eyes RED, but when they make $$$ can no problem.

make money by all means possible..........sinkies breed under pappies rule live by this mantra

 

[Amaths]

U should check out this report


http://www.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20111003-303005.html

So you are saying, just becos some singaporeans are suspected of faking divorces, it is okay to allow foreigners to live off the hdb rental proceeds in their home country?

Sounds like pappy's favor-thy-neighbor-over-thy-son logic. 60% daft sinkie mentality???

 

[laksaboy]

It's great to see the 'pro-family' and 'pro-marriage' policy of the HDB backfire and blow up in its face.

A little bit of karma for discriminating against singles.