Why HDB Flats is not an Asset but a Liability


1. If I buy a resale HDB flat on the open market (with no subsidy) why do I have to wait 5 years and need HDB’s permission to rent my entire flat to interested parties, even if my unit is fully paid up? No such ruling applies if I buy a private apartment.

2. Why do I need permission from HDB to rent out any of my rooms if my unit is fully paid up? No such ruling applies if I buy a private apartment.

3. Why do I need to wait at least 5 years before I can sell my unit even though it was bought on the open market with no subsidies? No such ruling applies if I buy a private apartment.

4. If I am a single owner of a resale HDB unit and want to marry my partner, why does my partner have to sell her private property if I have not lived in my flat for at least 5 years? No such ruling applies if I buy a private apartment.

5. If I truly enjoy ownership rights to my HDB flat, why will banks not accept my fully paid-up property as collateral for a loan? No such ruling applies if I buy a private apartment.

6. If I not abide by any of the above points as stipulated by the HDB I could have my unit confiscated. No such ruling applies if I buy a private apartment.

7. What you borrow from your CPF to buy your HDB Flat, you need to return to your CPF with interest when you sell your HDB Flat, and whatever grant you use you need to payback in the form of levies which is equivalent to 15% of the HDB Flat you previously sold. No such rules apply for private 99 years leasehold properties.

That is the reason I made this statement that HDB Flats are not an Asset but a lliability and “Asset Enhancement” does not apply.

Contributed by Oogle

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet , Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.​

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