HDB to review flat conversion scheme after concerns raised over Telok Blangah resale listing

The scheme allows eligible owners of 3-room or smaller HDB flats who require more living space to apply to combine their flat with an adjoining unit to form a larger unit.

A view of Telok Blangah Parcview estate, where the unit at Block 93B Telok Blangah Street 31 is located. (Image: Google Street View)

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SINGAPORE: The Housing and Development Board (HDB) said on Friday (Sep 25) that it is reviewing its Conversion Scheme after receiving public feedback on the recent resale listing of a combined flat in Telok Blangah.

The flat with a remaining lease of 91 years was created by merging two adjoining three-room units at Block 93B Telok Blangah Street 31.

Its initial resale listing on the Property Guru website for S$2.18 million (US$1.7 million), alongside a marketing video posted on Sep 19, has sparked public discussion over the pricing of such "jumbo" flats.

In response to CNA's queries, HDB noted that it had received concerns from members of the public over the flat listing.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less "The government remains committed to keeping public housing affordable and accessible," it said, adding that it will do a review of the scheme. The Telok Blangah flat's remaining lease period has also raised questions online on whether the Minimum Occupation Period (MOP) for the initial units had been completed before they were combined. HDB said that the flat owners purchased the first 3-room flat from HDB in December 2017. "They subsequently decided to purchase the adjoining unit in August 2021, when their neighbour had put it up for sale after obtaining HDB’s approval to sell the flat during the MOP due to the family’s circumstances," it added. HDB said that the listing price of S$2.18 million was "significantly higher than what comparable transactions in the area would suggest". According to the public housing authority, transactions for individual comparable 3-room flats have ranged from around S$673,000 to S$771,000 over the past six months. Based on the upper end of this range, the total price of two such flats would amount to around S$1.54 million, it said. HDB added that the S$2.18 million price tag was over 40 per cent or more than S$600,000 above the estimated value of two similar three-room flats. "Should a transaction proceed at this price on a willing buyer-willing seller basis, it will likely entail a substantial Cash-Over-Valuation, which must be paid fully in cash upfront," it said. As of Friday, HDB said it has not received a resale application for the flat. Checks by CNA on Friday showed its listing price on PropertyGuru had dipped to about S$2 million. HDB advised prospective buyers to do thorough research, evaluate their housing options carefully and plan their finances prudently so they do not end up over-paying. "We urge buyers to refer to resale transaction data on HDB InfoWEB and available housing options on the HDB Flat Portal," it added. CNA has contacted PropNex, whose agent is marketing the unit, for more information on the listing. CONVERSION SCHEME Introduced in 1993, the Conversion Scheme provides an avenue for flat owners facing space constraints. Under it, eligible owners may purchase an adjoining 3-room or smaller flat on the open market, subject to prevailing citizenship and household nucleus requirements. They must also seek HDB’s assessment on the structural feasibility of combining the units before submitting their purchase application. If approved, they can proceed to complete the purchase and combine the two units into a single flat under one lease. The combined flat can subsequently be sold on the open market after meeting the new MOP.

"The government remains committed to keeping public housing affordable and accessible," it said, adding that it will do a review of the scheme.

The Telok Blangah flat's remaining lease period has also raised questions online on whether the Minimum Occupation Period (MOP) for the initial units had been completed before they were combined.

HDB said that the flat owners purchased the first 3-room flat from HDB in December 2017.

"They subsequently decided to purchase the adjoining unit in August 2021, when their neighbour had put it up for sale after obtaining HDB’s approval to sell the flat during the MOP due to the family’s circumstances," it added.

HDB said that the listing price of S$2.18 million was "significantly higher than what comparable transactions in the area would suggest".

According to the public housing authority, transactions for individual comparable 3-room flats have ranged from around S$673,000 to S$771,000 over the past six months.

Based on the upper end of this range, the total price of two such flats would amount to around S$1.54 million, it said.

HDB added that the S$2.18 million price tag was over 40 per cent or more than S$600,000 above the estimated value of two similar three-room flats.

"Should a transaction proceed at this price on a willing buyer-willing seller basis, it will likely entail a substantial Cash-Over-Valuation, which must be paid fully in cash upfront," it said.

As of Friday, HDB said it has not received a resale application for the flat.

Checks by CNA on Friday showed its listing price on PropertyGuru had dipped to about S$2 million.

HDB advised prospective buyers to do thorough research, evaluate their housing options carefully and plan their finances prudently so they do not end up over-paying.

"We urge buyers to refer to resale transaction data on HDB InfoWEB and available housing options on the HDB Flat Portal," it added.

CNA has contacted PropNex, whose agent is marketing the unit, for more information on the listing.

Introduced in 1993, the Conversion Scheme provides an avenue for flat owners facing space constraints.

Under it, eligible owners may purchase an adjoining 3-room or smaller flat on the open market, subject to prevailing citizenship and household nucleus requirements.

They must also seek HDB’s assessment on the structural feasibility of combining the units before submitting their purchase application.

If approved, they can proceed to complete the purchase and combine the two units into a single flat under one lease.

The combined flat can subsequently be sold on the open market after meeting the new MOP.

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该计划允许符合条件的3房式或更小的组屋业主，如果需要更大的居住空间，可以申请将自己的组屋与相邻的组屋合并，形成更大的组屋。

直落布兰雅 Parcview 庄园的景观，即直落布兰雅街 31 号第 93B 座单位的所在地。 （图片：谷歌街景）

这段音频是由人工智能工具生成的。

新加坡：建屋发展局（HDB）周五（9月25日）表示，在收到公众对最近Telok Blangah一套合并组屋转售的反馈后，正在审查其组屋转换计划。

这套剩余租期为 91 年的公寓是由位于直落布兰雅街 31 号第 93B 座的两套相邻的三房式公寓合并而成。

该房产最初在房地产网站 Property Guru 上以 218 万新元（170 万美元）的价格挂牌出售，并于 9 月 19 日发布了一段营销视频，引发了公众对这类“巨型”公寓定价的讨论。

针对亚洲新闻台的询问，建屋发展局表示，他们已收到公众对该组屋上市事宜的担忧。

CNA游戏 猜词游戏 逐行破解单词 流行词游戏 用给定的字母组成单词 迷你数独 小小的谜题，强大的脑力挑战 迷你填字游戏 小方格，大挑战 单词搜索 尽可能多地找出单词 显示更多 显示更少 “政府仍然致力于保持公共住房的可负担性和可及性，”声明中表示，并补充说将对该计划进行审查。直落布兰雅组屋的剩余租赁期限也引发了网友的质疑，即最初几套组屋的最低居住年限（MOP）是否在合并之前就已经完成。建屋发展局表示，组屋业主于2017年12月从建屋发展局购买了第一套三房式组屋。“随后，由于家庭情况，他们的邻居在获得建屋发展局的批准后，于2021年8月将隔壁的组屋挂牌出售，他们随后决定购买这套组屋，”建屋发展局补充道。建屋发展局表示，218万新元的挂牌价格“远高于该地区类似交易的价格”。据建屋发展局（HDB）称，过去六个月，类似三房式组屋的成交价在67.3万新元至77.1万新元之间。按此区间上限计算，两套此类组屋的总价约为154万新元。建屋发展局补充说，218万新元的标价比两套类似三房式组屋的估价高出4​​0%以上，即超过60万新元。建屋发展局表示：“如果买卖双方自愿以该价格成交，很可能涉及巨额现金溢价，且必须一次性全额现金支付。”截至周五，建屋发展局表示尚未收到该组屋的转售申请。亚洲新闻台（CNA）周五的调查显示，该组屋在PropertyGuru上的挂牌价格已降至约200万新元。建屋发展局建议潜在购房者进行充分的调查研究，仔细评估各种住房选择，并谨慎规划财务，以免最终支付过高的价格。建屋发展局补充道：“我们敦促购房者参考建屋发展局信息网（HDB InfoWEB）上的转售交易数据以及建屋发展局公寓门户网站上的可用住房选择。” 亚洲新闻台（CNA）已联系负责该单位销售的PropNex公司，以获取更多房源信息。 房屋转换计划于1993年推出，旨在为面临空间限制的组屋业主提供一条途径。根据该计划，符合条件的业主可以在公开市场上购买相邻的三房式或更小的组屋，但需满足当时的公民身份和家庭核心人数要求。他们还必须在提交购买申请前，向建屋发展局申请评估合并两套组屋的结构可行性。如果获得批准，他们即可完成购买，并将两套组屋合并为一套，并签订同一份租赁协议。合并后的组屋在满足新的最低居住年限（MOP）后，即可在公开市场上出售。

声明称，“政府仍致力于保持公共住房价格合理且易于获得”，并补充说将对该计划进行审查。

特洛布兰雅组屋的剩余租赁期限也引发了网友的质疑，即最初几套组屋的最低居住年限（MOP）是否在合并之前就已经完成。

建屋发展局表示，这些组屋业主于 2017 年 12 月从建屋发展局购买了第一套三房式组屋。

“随后，他们决定在 2021 年 8 月购买隔壁的单位，当时他们的邻居因为家庭情况，在获得建屋发展局的批准后，将隔壁的单位挂牌出售。”声明补充道。

建屋发展局表示，该房产的挂牌价格为 218 万新元，“远高于该地区类似交易的价格”。

据公共房屋管理局称，过去六个月里，类似的3房式组屋的交易价格在67.3万新元至77.1万新元之间。

报告称，按照该价格区间的上限计算，两套这样的公寓总价约为154万新元。

建屋发展局补充说，这套售价 218 万新元的组屋比两套类似的三房式组屋的估价高出 40% 以上，也就是 60 万新元以上。

“如果买卖双方自愿以这个价格进行交易，则很可能涉及大量的现金溢价，这部分溢价必须预先以现金全额支付，”声明中写道。

截至周五，建屋发展局表示尚未收到该组屋的转售申请。

周五，CNA 的调查显示，该房产在 PropertyGuru 上的挂牌价格已跌至约 200 万新元。

建屋发展局建议潜在购房者进行彻底调查，仔细评估各种住房选择，并谨慎规划财务，以免最终支付过高的价格。

“我们敦促购房者参考建屋发展局信息网站上的转售交易数据以及建屋发展局公寓门户网站上的可购房选择，”声明补充道。

CNA已联系PropNex公司，该公司代理负责该房产的销售，以获取更多房源信息。

1993年推出的房屋转换计划为面临空间限制的公寓业主提供了一条途径。

根据该规定，符合条件的业主可以在公开市场上购买相邻的三房式或更小的组屋，但需满足现行的公民身份和家庭核心人数要求。

他们还必须在提交购买申请之前，向建屋发展局 (HDB) 咨询合并房屋的结构可行性。

如果获得批准，他们可以继续完成购买，并将两套单元房合并成一套公寓，并签订一份租赁合同。

合并后的公寓在满足新的最低居住年限要求后，即可在公开市场上出售。

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