The Straits Times
www.straitstimes.com
Published on Nov 16, 2012
 

Relook HDB's ownership policy

 
 

WHEN I used to own an HDB flat, the condition for buying private property was that I had to reside in the HDB flat ("HDB resale flats: Reduced supply pushes prices up" Nov 3).

As I wanted to reside in the condominium apartment that I had bought, I had no choice but to sell the HDB flat.

But it appears not to be so now; one can own and live in a private property and keep one's HDB flat as well, to rent out and earn revenue.

Given the current trend of sky-rocketing property prices, the HDB should reconsider its policy of letting those with private properties hold onto their HDB flats if they do not wish to reside in public housing.

Francis Yip