CONFISCATING YOUR HDB FLAT– WHAT YOU SHOULD KNOW

While this is the stuff of every Singaporean homeowner’s nightmare, it is better to err on the side of caution by knowing what happens when you break the law.

In Singapore where 80 per cent of the population lives in government owned flats, (popularly known as Housing & Development Board or HDB flats), losing the roof over your head is really a big deal.

Being government-owned, there are strict laws and regulations in place governing HDB flats. They include a minimum occupation period (MOP) of five years and a minimum rental period of six months per application when renting out your HDB flats.

According to the Housing & Development Board, this is necessary “as it may disrupt the living environment and pose security concerns for our residents”.

Take the example of two home owners whose flats were seized in 2014 for illegally renting them out to tourists. In both cases, the two owners had openly flouted HDB laws by renting them out on a daily basis.

While there is no latest data as of 2018, the numbers could be higher due to the popularity of AirBnb listings. Between January 2012 to 2014, for instance, the HDB had seized 202 flats for breaking the law.

For Subscriber Only


Subscribe Now

or Login to read the full content

 

0 Comment

Send a Comment

Your email address will not be published.

Advertisement:
Advertisement: