How 1,000 HDB home owners sold their flats for $236,000, yet still live there

More than 2,500 owners of four-roomers have sold their leases with a median payout of $180,600. PHOTO: ST FILE
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SINGAPORE - It looks too good to be true at first glance – more than 1,000 owners of five-room and bigger HDB flats have “sold” their units and reaped average “profits” of $236,000 each but are still living in their homes.

They enjoy these perks because they did not make an outright sale of their homes but just the tail-end portions of their remaining leases.

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