A S$ 1, 000 ( US$ 730 ) fine and censure were imposed on the agent who promoted a vacant HDB apartment at Yishun Street 51. A$ 500 fine and censure have been imposed on the agent who promoted an HDB apartment at Depot Road.
Although CEA did not identify the agents, Christina Au of the ERA Realty Network was fined S$ 1,000 for trying to facilitate the sale of an HDB apartment” despite knowing that the sellers had not physically occupied the flat and / or fulfilled the required minimum occupation period ,” according to a public register of property agents.
Even though the owners of the flat were not permitted to sell the apartment in the open market at the material time because they had not physically occupied it during the minimum occupation period, Ms. Isabelle Loo, also from ERA, was listed as having received a$ 500 fine for” marketing an HDB flat for sale and conducting viewings of it for prospective buyers.”
Eugene Lim, the chief executive officer of the ERA, stated in response to CNA questions that the organization has always” fully supported” HDB’s minimum occupation period( MOP ) regulations.
He said,” Both agencies are truly sorry, and we’ve taken this chance to confirm that they comprehend HDB’s MOP regulations.”
One of the two HDB apartments at Yishun Street 51 and Depot Road has already been occupied, according to a press release from HPB, which also stated that it would reclaim both properties. HDB did compulsorily acquire cottages, which will be put up for sale through the Sale of Balance Flats activities. & nbsp,
It also stated that HDB condos are mainly designed for owner-occupation, which is supported by housing regulations like the MOP. This holds true for both HDB cottages purchased new or used.
” HDB did not hesitate to take enforcement action when MOP rules are broken. According to the public housing company, HDB may coercively acquire the apartment, establish a financial penalty of up to S$ 50,000, 000, or challenge written warnings if investigations reveal that the smooth was not owner-occupied during the MOP.
Additionally, HDB-compulsorily acquired level owners will be prohibited from purchasing subsidized apartments, transferring ownership of those apartments through a change in smooth ownership, or renting out public rental apartments among other restrictions.
According to CEA, agents for an additional two apartments at Bukit Batok East Ave 6 and Henderson Road were never found to be breaking the CEPCC. & nbsp,
Editor’s note: CEA clarified that not all 20 officials were fined for their involvement in the promotion of vacant HDB flats, and this article has been updated to reflect this.