Each family can only buy one house. If they want to buy a second apartment, they must sell the existing one first. And you can't buy new ones directly from the government, you can only buy them from the resale market, that is, you must pay a higher price. For low-income families to buy a house, the government has various policies to take care of it, with a maximum subsidy of S $40,000.
Extended data
The Singapore government stipulates that newly-built apartments purchased from the government must be occupied by themselves, not for commercial operation and not for resale within five years, otherwise the parties concerned will be severely punished or arrested and imprisoned. According to the government, anyone who buys or sells apartments must provide accurate information, and once he is found to have made a false report, he will face a fine of up to S $5,000 or six months' imprisonment, or both.
In addition, as an important stabilizing factor of the real estate market, the Singapore government is the sole seller of new apartments. It completely controls the pricing power of apartments, and can adjust the apartment price according to the economic prosperity, which can go up or down, and generally maintains a stable low growth rate. The first-hand price rises by about 65,438+00% every year, and the second-hand resale price fluctuates more.
People's Network-How to Realize Home Ownership in Singapore