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HDB buyback scheme: Tackling woes of flat sellers hit by ethnic quotas
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This home has been on the market for three months as only Malays, Indians or those whose ethnic classification falls under “Others” can buy it.
ST PHOTO: ALPHONSUS CHERN
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SINGAPORE - An executive maisonette on the 12th floor, located within walking distance of Aljunied MRT station, has many of the attributes Housing Board flat buyers look for.
With an asking price of about $950,000 - lower than the $965,000 fetched by a unit in the same block last month - it should have been snapped up in the buoyant HDB resale market.
