Singapore HBD Enforces New Rules For Flat Ownership Reassignment

[propertylaunchguru]

In the past, flat owners were tolerated to change their flat units to their direct family members or to their spouses but that is not the instance anymore. They are now obligated with the new statutes for exchange of ownership with permitted interests which include the medical grounds, financial hardship, divorce, marriage, renunciation of citizenship and death of an owner. The HBD newly applied in April its current guideline for change of flat ownership among Singapore HBD flat owners.

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