HDB new housing rules

it's about time

Govt introduces new measures to cool S'pore property market

Analysts say new housing measures will help cool red-hot resale market

some highlights

-private property owners who buy a non-subsidised HDB flat must sell off their private property within six months

-buyers of flats who did not receive any subsidies may not buy a private property during the minimum occupation period (MOP) of their HDB flat (5yrs)

-home seller must pay a stamp duty(now 3yrs holding period) and reducing the maximum bank loan amount for existing home owners who want to buy another property(minimum cash payment has been doubled from five per cent to 10 per cent of the home's valuation, while the maximum bank loan amount has been reduced from 80 to 70 per cent)

-waiting time for a BTO flat will be reduced by six months to 2-1/2 years

-those earning between S$8,000 and S$10,000 will now be eligible for flats under the Design, Build and Sell Scheme (DBSS).

more in Tuesday's Print edition of THE STRAITS TIMES.

In summary, from HDB website