Letter from HCM
So the talk now is that HDB owners are not allow to own Landbanking during the first 5 years. It is suppose to be for land banking that invest in residential property related land parcels. I can see the arguments leading eventually to Property funds, Reits, and even listed property companies??
By not drawing the regulations properly at the beginning, HDB is now fixing leaks as and when water seeps in.
HDB --- ownership is strictly for Singaporean owner-occupier. No ifs or buts.
For whatever reasons, as long as the owner is not staying in the HDB for more than xx months, the owner has to sell the flat within x months, either in the open market or to the HDB at the posted HDB repurchase price.
HDB can resell the flats or deposit the flats in a HDB rental company (HDBrent). HDBrent is the only agent allowed to rent HDB flats out to either Singaporeans, PRs or foreigners.
HDB owners can invest in anything they wish.
HCM
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