Policies that arguably, encourage upgrading, rather than downgrading, may fuel property prices?

Source from Today OnlineSource from Today Online

Downgrade from HDB to a smaller HDB flat – may have to pay a resale levy

Upgrade from HDB to private – the above is non-existent

Downgrade from private to HDB resale – may have to wait 15 months

Downgrade from private to HDB BTO – may have to wait 30 months

Downgrade from private to private – the above is non-existent

Downgrade from private to HDB public rental – not allowed

Downgrade from HDB to HDB public rental – household income not more than $1,500

Foreigner buy private – 60% ABSD

Foreigner become PR – 5% ABSD

PR or foreigner become citizen – no ABSD

PR owning HDB become citizen – $10,000

Join grassroots – priority for allocation of HDB BTO flats

 

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.