This article explains the recent changes in Legal conveyancing rules and goes into some details of how this will affect property buyers and housing loan conveyancing as well as property sellers receiving monies from their sale of property.
Upgrading from a HDB to a condominium during the buoyant market can be detrimental to the wealth of the individual. In cases where Condo prices run up first (Condo prices leads HDB price rise), then in this scenario, when HDB prices also start to run up, when HDB home owner sells his HDB and upgrades to a condo, he would end up paying a lot more.