Disciplinary action has been taken against property agents who helped homeowners sell BTO flats before the minimum occupancy period (MOP), Desmond Lee told Parliament on Monday (Jan 9). The Minister for National Development was responding to parliamentary questions by several Members of Parliament about errant homeowners leaving their flats vacant for years. Between 2017 and 2022, the Council for Estate...
Disciplinary action has been taken against property agents who helped homeowners sell BTO flats before the minimum occupancy period , Desmond Lee told Parliament on Monday .
Six of these agents were suspended for between seven and 48 weeks and were fined fined between $2,000 and $5,000, he said. Two property agents were issued letters of censure and one of them was fined $1,000."If a property agent has reasonable cause to suspect that HDB MOP rules have been infringed, he should inform his client of the potential consequences and stop marketing the property," the minister explained.
"But at the same time, we need to make sure we do not overly impinge upon the privacy of 1.1 million homeowners, the majority of whom actually play by the rules," he added.Lee's speech in Parliament came after several HDB flats in "original BTO condition" were listed on property websites in recent months.
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