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Owner loses 5-room HDB flat after renting it out illegally
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The owner of a five-room HDB flat had his unit repossessed as he put the whole unit out in the rental market illegally.
ST PHOTO: JASON QUAH
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A crafty property investor came up with a “foolproof” scheme – buy a new public housing unit, rope in a dodgy estate agent and then blatantly ignore HDB rules to rent it all out. What could possibly go wrong?
Pretty much everything, as it happens, even though it does provide the rest of us with a fine example of penny wise pound foolish behaviour.
