- Joined
- May 16, 2023
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Shhhh… dun wake up the pigeon hole dwellersThe HDB is the actual owner of the flats sold to unsuspecting 'buyers':
HDB residents are not permitted to use even their fully paid-up flats as collateral to banks, to raise credit facilities for private loans. Public flat dwellers are likely to have their homes confiscated if they fail to comply with restrictive HDB terms and conditions. HDB refers to flat owners as tenants, and those who rent from the owners as sub-tenants.