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.

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Singapore Democratic Party outlines its housing policyNon-Open Market (NOM) flats that do not include land costs in their price should be introduced into the public housing system, the opposition Singapore Democratic Party (SDP) said yesterday when it unveiled its housing policy at the SDP office in Ang Mo Kio.. Read more at straitstimes.com. RedDot_Oz interesting numbers in article I am not Finacial guru but idea doesn't make little financial sense
Source: The Straits Times - 🏆 8. / 63 Read more »