Extension of Period to Sell off Existing Flat upon Possession of New HDB Flat

Mr Zainal Sapari asked the Minister for National Development in view of the challenging property market conditions, whether HDB will consider extending the period a HDB homeowner is required to sell off his existing flat upon taking possession of his new HDB flat from six months to one year.

Mr Khaw Boon Wan: The six-month period is generally sufficient for flat owners to arrange for the sale of their existing flat, as they renovate their new flats and move in. This is especially if they start planning once they book a new flat. For those who need more time to sell their flats due to special circumstances, HDB will assess each request based on the merits of the case.