New citizen teaches foreigners residing in SG on how to game HDB's new BTO system

[Confuseous]

Firstly if u are are a permanent resident now and u are a couple and yr kids are still living in your home countries, one of u please go and convert to citizen.

Once converted to citizen u can apply for a BTO flat using under citizen, PR couple and with children. U will will be catapulted straight to the top 30% priority in BTO application

After a few years u can rent out your HDB flat and go back to your own country and the new restrictions on PR subletting the whole house rules dont apply here as one of u are is a citizen.

After a few years the other one of u can get back yr original citizenship back in yr home country, sell off the HDb and reap immense profits both from the rental and sale

Hope i have given u all the tips and thanks to HDB minister Khaw Boon Wan. We , foreigners with pink IC love u!

- http://therealsingapore.com/content...f-u-are-new-citizen-and-how-make-money-out-it

 

[melzp]

That's right, loop holes in the system.

My unit. hv only one immediate neighbour. In all these 25 yrs,
I really dont know who the real owner is!!!!
Indonesian, Malaysian, Pinoys hv rented them. Now is Indonesian.
Will HDB be interested to look me up ????

 

[kingrant]

Do all of us a favour and forward it to Khaw Boon Wan's email cc to LHL. Also cc to TCH who is in charge of NPTD.

 

[Travellor]

HDB should just ensure they have a clawback clause for these FTs shits who are gaming the system!!!

 

[laksaboy]

Now, the only question remains: do those loopholes exist because the govt deliberately allowed for them, or it simply wasn't competent enough, despite the top salaries?