HDB clarifies rule change on flat ownership transfers

Singapore

AMID market rumblings that recent regulatory changes on the transfer of HDB flat ownership rule are meant to plug loopholes, the Housing & Development Board (HDB) has made clear that its policies are not a reaction to potential ABSD abuse cases.

"The changes are not meant to prevent married couples from decoupling to avoid ABSD (additional buyer's stamp duty)," HDB said in a late-night response to media queries.

Under the eligibility conditions that kicked in since April 1, changes in flat ownership are allowed only on grounds of marriage, divorce, death of a…