Hear-say about HDB

2004Lancer SG

heard from them that when u migrate and give up citizenship, you will have to pay back the amount the government had subsidised your flat, for example, after subsidy, you paid $150,000 for your new flat, government subsidised $150,000. You then sold your flat for $300,000 when you are migrating...government takes back $150,000 from you...meaning you are left with $150,000 - admin charges plus other charges.....= maybe $90,000 ... hahahaha......

also heard that whole Singapore HDB morgage loan Lawyer's fees is handed by L&L.......is it true?

white tiger SG

WHY DUN U ASK L & L AND GET BACK TO US?

MANY THANKS TO YOU Very Happy

ShutterBug SG

It is Hear-Say, and Hear-Say it shall remain until FACTS are in hand to substanstiate this "hear-say".

Many things about the environment we live in were assumed, but very little could be substantiated.

taipeiy SG

Well, it is true that L&L used to handle all HDB purchase. They have open up to allow other law firm to handle such matters since the early 90's but imagine right from the late 60's till the late 80's L&L had been handling each cases at a fee of S$500.

I-like-flings(m) SG

ask HDB tell mi what is the subsidised amount first and how the calculate it lor.. i think alot of us still waiting for the pricing reply in another thread...... Mr. Green

Augustin SG

aiya… sell your hdb flat before you migrate lor..