Overview
- A merged two‑three‑room jumbo flat at 93B Telok Blangah Street 31 was first listed for S$2.18 million on Saturday, Sept 19, and the listing prompted public concern that led HDB to launch a review.
- HDB said it has not received a resale application for the unit and that the asking price is more than S$600,000, or over 40 percent, above the estimated value of two comparable three‑room flats.
- The board warned a sale at that price would likely require a substantial cash‑over‑valuation, which buyers must pay fully in cash up front and which raises clear financial risk for purchasers.
- The Conversion Scheme, introduced in 1993, lets family households buy and combine adjacent three‑room or smaller flats after HDB checks structural feasibility; once combined the flats form one leaseable unit that cannot be split and can be sold only after a five‑year minimum occupation period measured from the second flat’s purchase.
- There are about 2,900 jumbo flats nationwide and location or lease length can lift prices, so HDB’s review could change how approvals or resale checks are handled and buyers should watch for any policy updates and await a formal resale application before assuming the listing price is market‑confirmed.