Hi Seint,
1) The HDB will not conduct any checks on whether you own any private property locally or overseas.
2) It is based on self-declaration.
3) There is a clause in the Lease agreement from the HDB that providing false or misleading information to the government officers might face a penalty of a $5,000 fine or not more than 6 months imprisonment, or both.
4) On top of (3), the HDB can also exercise according to their discretion to forcefully takeover the flat you bought.
5) There is no time expiry on (3) and (4). The HDB can exercise their right anytime when they find out the truth.
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
https://www.linkedin.com/in/ckling/
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