29 Jan '11, 4am

Minister Mah Bow Tan said 1st time HDB flat buyers may face stiffer rules

NATIONAL Development Minister Mah Bow Tan on Friday said the Government is considering coming up with tougher measures to deter first-time Housing Board flat buyers from repeatedly declining to select a flat. In an interview with Lianhe Wanbao on Friday, he said changes might be made to the HDB's build-to-order scheme to penalise those who forgo the flat selection process despite being successful during balloting. This will prevent those who do not need to buy a flat urgently from applying indiscriminately. Under the current rules, applicants who reject two chances to select a flat will have their first-timer priorities removed for a period of one year. This means if they apply for a flat in any HDB sales exercise within that one-year period, they will no longer enjoy priorities for first-timers. These priorities include being given two chances in the shortlisting of their...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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