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HDB clarifies rule change on flat ownership transfers

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Published Tue, May 3, 2016 · 09:50 PM

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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.

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