HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m
HDB says flat’s listed price ‘significantly higher’ than comparable transactions in the area
The Housing Board (HDB) is reviewing its "jumbo" flat scheme after a three-room flat in Telok Blangah was listed for sale at S$2.18 million. The listing has raised concerns among the public due to its significantly higher price compared to recent comparable transactions. HDB stated that the listed price was more than S$600,000 or over 40 per cent above the total price of two three-room flats in the area.
The scheme allows owners to combine adjacent three-room or smaller flats into a larger flat, but it requires structural feasibility assessment and a five-year minimum occupation period before sale. HDB emphasized that buyers should conduct thorough research and evaluate housing options carefully to avoid overpaying.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
