Explainer: 4-room HDB resale flat in Tampines sold for S$100,0 | TODAY
Explainer: 4-room HDB resale flat in Tampines sold for S$100,000 in January — what's behind such outlier sales?
Currently, flat owners may apply to change the unit’s ownership to an immediate family member. Selling the unit at a significantly lower price could be a way for the property’s owners to transfer its ownership to a relative that was not an immediate family member, or someone outside of the family who is known to the seller.
