Flat owners are required by HDB to fulfil a minimum occupation period before selling their home, and the owners have to physically occupy the flat.
SINGAPORE: Since January 2022, 20 property agents have been found to be involved in marketing vacant HDB flats that had not been lived in, the Council of Estate Agencies said on Thursday .
Two property agents were found to have breached the Code of Ethics and Professional Client Care for not complying with laws and regulations that apply to HDB flats in the conduct of estate agency work, said CEA.The agent involved in the marketing of a vacant HDB flat at Yishun Street 51 was fined S$1,000 and censured. The agent who marketed an HDB flat at Depot Road was fined S$500 and has also been censured.
Responding to CNA queries, ERA key executive officer Eugene Lim said that ERA has always"fully supported" HDB's minimum occupation period rules. "HDB takes the violation of MOP rules seriously and will not hesitate to carry out enforcement actions. Should investigations conclude that a flat was not owner-occupied during the MOP, HDB may compulsorily acquire the flat, impose a financial penalty of up to S$50,000, or issue written warnings," said the public housing agency.
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