Property not to be used as security or attached, etc., and no trust in respect thereof to be created without approval of Board – Property for sale in Singapore
Any contract or agreement that directly or indirectly uses HDB flats (or the proceeds of sale of HDB flats) as security or collateral for any debt, obligation or claim shall be null and void. Property for sale in Singapore.
For example, licenced moneylenders are no longer allowed to place a caveat on the HDB flat to force the owner to repay the loans from the licenced moneylender.
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