Mar 6, 2010 HDB rules change
RESALE FLATS
Buyer had to occupy the flat for one year or 2.5 years, depending on how it was financed, before being allowed to sell it.
NOW
The minimum occupation period is 3 years for all
HDB CONCESSONARY LOANS
PREVIOUSLY
Only those upgrading to bigger flat could get HDB loan for a second time
NOW
Downgraders buying smaller flats are also entitled to a second loan
QUOTAS FOR PRS
PREVIOUSLY
There were no quotas for non-Malaysian PRs buying flats in HDB blocks and neighbourhoods.
NOW
There is a 5% limit on these PRs in the neighbourhood, and 8% for individual blocks. Buyers must also meet the ethnic quotas.
Buyer had to occupy the flat for one year or 2.5 years, depending on how it was financed, before being allowed to sell it.
NOW
The minimum occupation period is 3 years for all
HDB CONCESSONARY LOANS
PREVIOUSLY
Only those upgrading to bigger flat could get HDB loan for a second time
NOW
Downgraders buying smaller flats are also entitled to a second loan
QUOTAS FOR PRS
PREVIOUSLY
There were no quotas for non-Malaysian PRs buying flats in HDB blocks and neighbourhoods.
NOW
There is a 5% limit on these PRs in the neighbourhood, and 8% for individual blocks. Buyers must also meet the ethnic quotas.
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