Mandatory HDB Resale Checklists For Housing Agents From May

Source : The Straits Times, Mar 24, 2008

THE Housing Board will introduce mandatory resale checklists for housing agents handling resale HDB flat transactions from May 1.

The checklists cover a list of key policies and procedures that housing agents will need to advise resale flat buyers and sellers before they commit to a resale flat deal.

'This is part of HDB's ongoing efforts to ensure that buyers and sellers ae aware of the relevant HDB purchse and financing policies when buying or selling an HDB flat," said the Board in a statement on Monday.

Under the new measure, housing agents will have to submit the completed checklists to HDB together with the resale application.

Applications that do not meet this new requirement will be rejected, said HDB, warning that there will be 'serious penalties for false declarations.'