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, ERA Realty Network agent Christina Au 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.
Ms. Isabelle Loo, another member of ERA, was reported to have received a$ 500 fine for” marketing an HDB flat for sale and conducting viewings of the apartment for prospective buyers, even though the flat’s owners were not eligible to sell the property in the open market at the material time because they had not physically resided there during the minimum occupation period.”
Eugene Lim, the chief executive officer of ERA, stated that HDB’s minimum occupation period ( MOP ) rules have always been” fully supported” in response to CNA questions.
He said,” Both agencies are truly sorry, and we’ve taken this chance to confirm that they comprehend HDB’s MOP guidelines.”
One of the two HDB condos at Yishun Street 51 and Depot Road has already been taken over by HPB, according to the company’s announcement that it will reclaim them. The Sale of Balance Flats tasks will be used to sell flats that HDB must compulsorily acquire. & 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 flats purchased directly from HPB and those purchased through the selling market.
” 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’s compulsorily acquired straight owners will be prohibited from purchasing a subsidised apartment, transferring ownership of the apartment through the change in level ownership, or renting out their public rental apartment in addition to 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.