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Jan 29, 2011
1st-time HDB flat buyers may face stiffer rules: Mah
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NATIONAL Development Minister Mah Bow Tan on Friday said the Government is considering coming up with tougher measures to deter first-time Housing Board flat buyers from repeatedly declining to select a flat.
In an interview with Lianhe Wanbao on Friday, he said changes might be made to the HDB's build-to-order scheme to penalise those who forgo the flat selection process despite being successful during balloting.
This will prevent those who do not need to buy a flat urgently from applying indiscriminately.
Under the current rules, applicants who reject two chances to select a flat will have their first-timer priorities removed for a period of one year.
This means if they apply for a flat in any HDB sales exercise within that one-year period, they will no longer enjoy priorities for first-timers. These priorities include being given two chances in the shortlisting of their applications, as compared to a second-time applicant, who gets only one chance.
When asked if the harsher penalties might include extending the one-year period, Mr Mah said the Government is still looking into the changes.
Read the full story in Saturday's edition of The Straits Times.
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1st-time HDB flat buyers may face stiffer rules: Mah
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<!-- story content : start -->
NATIONAL Development Minister Mah Bow Tan on Friday said the Government is considering coming up with tougher measures to deter first-time Housing Board flat buyers from repeatedly declining to select a flat.
In an interview with Lianhe Wanbao on Friday, he said changes might be made to the HDB's build-to-order scheme to penalise those who forgo the flat selection process despite being successful during balloting.
This will prevent those who do not need to buy a flat urgently from applying indiscriminately.
Under the current rules, applicants who reject two chances to select a flat will have their first-timer priorities removed for a period of one year.
This means if they apply for a flat in any HDB sales exercise within that one-year period, they will no longer enjoy priorities for first-timers. These priorities include being given two chances in the shortlisting of their applications, as compared to a second-time applicant, who gets only one chance.
When asked if the harsher penalties might include extending the one-year period, Mr Mah said the Government is still looking into the changes.
Read the full story in Saturday's edition of The Straits Times.
<!-- story content : end -->
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