23 Jul '14, 8am

Cooling resale market: Not time to boost demand. Read More

Cooling resale market: Not time to boost demand. Read More

THE cooling demand for resale Housing Board flats has put some sellers in a quandary. These sellers are those who have already got, or will soon get, their keys to newly completed Build-To-Order (BTO) flats or executive condominiums . They have to sell their existing Housing Board (HDB) flats within six months of getting their new homes . But with buyers thin on the ground, some can't find buyers within that time frame. So far, the HDB has been flexible and given them more time to sell their flats. But how tenable is this situation, and should more be done? Anecdotally, a handful of sellers are asking to collect their keys later, or for an extension of the deadline to sell their flats. These will give them more time to find a buyer for their unit. The issue was raised by MP Lee Bee Wah on her Facebook page recently. In the first half of this year, the HDB got 18 requests a...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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