Khaw Boon Wan: Possible new restrictions on HDB flats will apply only to new buyers
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The proposed new restrictions for lower-priced Build-To-Order flats will apply only to new buyers, leaving the assets of existing flat owners untouched, National Development Minister Khaw Boon Wan said in his blog on Thursday. -- ST FILE PHOTO: NURIA LING
The proposed new restrictions for lower-priced Build-To-Order flats will apply only to new buyers, leaving the assets of existing flat owners untouched.
National Development Minister Khaw Boon Wan made this clear on his Housing Matters blog on Thursday.
Mr Khaw had floated three ideas on possible restrictions, to keep flats affordable to first-time home buyers.
They are: a longer minimum occupation period before an owner gets to sell his flat, a shorter lease, and separating it from the resale market.
