Purchase of Resale HDB Flats by Private Property Owners

Mr Zainal Sapari asked the Minister for National Development whether HDB will consider allowing private property owners to buy a resale HDB flat given the current situation in the resale market.

Mr Khaw Boon Wan: Private residential property owners (PPOs) are allowed to buy a resale HDB flat, but they are required to dispose of their private property within six months from the date of the resale flat purchase. This is to reinforce the principle that HDB flats are for long-term owner-occupation. This is also to dampen the demand for resale flats from buyers with no urgent need of housing.