SDP launches housing programme: Non-open market flats to solve the problem of depreciating value of HDB flats

launched its housing policy

They explained that this programme would address the problem of the depreciating value of HDB flats because of the 99-year lease of the land. Bryan Lim pointed out that “As the name implies, however, flats bought under this scheme will not be allowed to be re-sold in the open market,” and that people who wanted to sell their flats would have to sell them again to the HDB.

Part of the SDP’s proposal is for existing homeowners to convert their flats under the NOM scheme, which would entail the Government giving back the difference between “between the original price of their flats and price of an equivalent NOM flat subject to a cap,” the press statement said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Integrated resorts' S$9b investment to increase appeal to non-gaming visitors: ExpertsSINGAPORE — The S$9 billion investment by Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) in non-gaming facilities and attractions are aimed at increasing the appeal of the integrated resorts beyond their casinos amid increasing competition, said industry experts.
Source: TODAYonline - 🏆 1. / 99 Read more »