HDB's selective buyback of ethnic quota flats will level playing field: analysts

Singapore

THE Housing Board's (HDB) new Ethnic Integration Policy (EIP) Buyback Assistance Scheme will level the playing field for EIP-constrained flat owners in the property market, analysts said.

HDB will offer to buy back flats on a case-by-case basis for eligible owners who face "genuine difficulties" selling their homes due to the EIP, announced Minister for National Development Desmond Lee at the Committee of Supply (COS) Debate on Tuesday (Mar 8). This is available with immediate effect.