Hi Hui Xiang,
1) This cooling measure is to dampen the HDB's rising price.
2) It was observed that private owners are more willing to pay a higher price to downgrade than the new homeowner, thus the issuing of this restriction.
3) Although there was no specific statement on the disposable of private residential property is only limited to local property. In general, it will refer to all; including local and overseas.
4) Thus if you want to be excused from such restriction you may appeal via the feedback channel: https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback
5) I believed the HDB will deal with it on a case-by-case basis until further instructions.
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 query, 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
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