Misleading and unrealistic: Authorities flag $2m HDB resale flat listings, including one for jumbo unit in Sengkang

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Misleading and unrealistic: Authorities flag $2m HDB resale flat listings, including one for jumbo unit in Sengkang
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The authorities have flagged the listings of two HDB flats that were put up for sale for $2 million – one listing was for two adjacent five-room flats in Sengkang marketed as a jumbo flat, while the other was a five-room flat in Toa Payoh with an “unrealistic asking price”. In a joint statement on May 8, the Ministry of...

Misleading and unrealistic: Authorities flag $2m HDB resale flat listings, including one for jumbo unit in Sengkang

“The jumbo flat listed is actually two adjacent five-room flats, which are not eligible to be converted into and sold as a single unit,” they added. The authorities said the listing for a jumbo flat in Block 314C Anchorvale Link was taken down after CEA brought up the misleading advertisement to the agent’s property agency. PHOTO: SCREENGRAB FROM PROPERTY GURU.COM.SG

Separately, the authorities said a five-room Design, Build and Sell Scheme flat in The Peak@Toa Payoh, which was also listed for $2 million, does not have an intent to sell registered with HDB. This means that the potential seller cannot grant an option to purchase to buyers at this stage. Sellers of HDB flats have to register their intent to sell before they put their flat on the market.

The authorities said a five-room Design, Build and Sell Scheme flat in The Peak@Toa Payoh, that was also listed for $2 million, does not have an intent to sell registered with HDB. PHOTO: SCREENGRAB FROM PROPERTY GURU.COM.SG

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