# HDB to review flat conversion scheme after concerns raised over Telok Blangah resale listing

- **Source:** Channel NewsAsia
- **Published:** 2026-09-25T06:49:00.000Z
- **Author:** Not listed by source
- **Original:** https://www.channelnewsasia.com/singapore/telok-blangah-jumbo-hdb-resale-flat-conversion-scheme-review-6410286
- **Topics:** HDB & Public Housing, Government & Policy, Transactions & Deals

## Featured rationale

The exceptional asking premium signals potential overpricing in the niche jumbo-flat segment and could prompt tighter rules while encouraging buyers to scrutinise valuations and cash requirements.

## AI summary

HDB is reviewing its Conversion Scheme after a combined Telok Blangah flat was listed at S$2.18 million, over 40% above comparable units’ estimated value.

## Original article

SINGAPORE: The Housing and Development Board (HDB) said on Friday (Sep 25) that it is reviewing its Conversion Scheme after receiving public feedback on the recent resale listing of a combined flat in Telok Blangah. The flat with a remaining lease of 91 years was created by merging two adjoining three-room units at Block 93B Telok Blangah Street 31. Its initial resale listing on the PropertyGuru website for S$2.18 million (US$1.7 million), alongside a marketing video posted on Sep 19, has sparked public discussion over the pricing of such "jumbo" flats. In response to CNA's queries, HDB noted that it had received concerns from members of the public over the flat listing. "The government remains committed to keeping public housing affordable and accessible," it said, adding that it will do a review of the scheme. The Telok Blangah flat's remaining lease period has also raised questions online whether the Minimum Occupation Period (MOP) for the initial units had been completed before they were combined. HDB said that the flat owners purchased the first 3-room flat from HDB in December 2017. "They subsequently decided to purchase the adjoining unit in August 2021, when their neighbour had put it up for sale after obtaining HDB’s approval to sell the flat during the MOP due to the family’s circumstances," it added. HDB said that the listing price of S$2.18 million was "significantly higher than what comparable transactions in the area would suggest". According to the public housing authority, transactions for individual comparable 3-room flats have ranged from around S$673,000 to S$771,000 over the past six months. Based on the upper end of this range, the total price of two such flats would amount to around S$1.54 million, it said. HDB added that the S$2.18 million price tag was over 40 per cent or more than S$600,000 above the estimated value of two similar three-room flats. "Should a transaction proceed at this price on a willing buyer-willing seller basis, it will likely entail a substantial Cash-Over-Valuation, which must be paid fully in cash upfront," it said. As of Friday, HDB said it has not received a resale application for the flat, which has a floor area of 1,465 sq ft. Checks by CNA on Friday showed its listing price on PropertyGuru had dipped to about S$2 million. HDB advised prospective buyers to do thorough research, evaluate their housing options carefully and plan their finances prudently so they do not end up over-paying. "We urge buyers to refer to resale transaction data on HDB InfoWEB and available housing options on the HDB Flat Portal," it added. CNA has contacted PropNex, whose agent is marketing the unit, for more information on the listing. CONVERSION SCHEME Introduced in 1993, the Conversion Scheme provides an avenue for flat owners facing space constraints. Under it, eligible owners may purchase an adjoining 3-room or smaller flat on the open market, subject to prevailing citizenship and household nucleus requirements. They must also seek HDB’s assessment on the structural feasibility of combining the units before submitting their purchase application. If approved, they can proceed to complete the purchase and combine the two units into a single flat under one lease. The combined flat can subsequently be sold on the open market after meeting the new MOP.

## Chinese translation

> Translation model: grok_cli

### 直落布兰雅转售挂牌引发关注，建屋发展局将检讨组屋转换计划

该计划允许符合条件、需要更多居住空间的三房或更小组屋业主申请将自己的组屋与相邻单位合并，形成一个更大的单位。

新加坡：建屋发展局（HDB）于周五（9月25日）表示，在接到公众对直落布兰雅一套合并组屋近期转售挂牌的反馈后，正在检讨其转换计划（Conversion Scheme）。这套剩余租约91年的组屋，由直落布兰雅街31号93B座两套相邻三房单位合并而成。该单位最初在PropertyGuru网站以新币218万元（美元170万元）挂牌转售，并配有一段于9月19日发布的营销视频，引发了公众对此类“jumbo”组屋定价的讨论。

回应CNA查询时，建屋发展局指出已接到公众对该组屋挂牌的关切。“政府仍致力于保持公共住房的可负担性与可及性，”建屋发展局表示，并称将对这项计划进行检讨。

该直落布兰雅组屋的剩余租约年限也在网上引发疑问：最初两套单位在合并前是否已完成最低居住年限（MOP）。建屋发展局表示，该组屋业主于2017年12月向建屋发展局购入第一套三房单位。“他们随后于2021年8月决定购入相邻单位，当时邻居因家庭情况在最低居住年限内获得建屋发展局批准出售该组屋后将其挂牌，”建屋发展局补充说。

建屋发展局表示，新币218万元的挂牌价“显著高于该地区可比交易所能显示的水平”。据该公共住房机构称，过去六个月，个别可比三房组屋的成交价约在新币673,000元至新币771,000元之间。按该区间上限计算，两套此类组屋的总价约为新币154万元。

建屋发展局还表示，新币218万元的标价比两套类似三房组屋的估值高出逾40%，或超过新币600,000元。“若买卖双方在愿买愿卖的基础上按此价格成交，很可能涉及大额超过估价的现金部分（Cash-Over-Valuation），且必须全额以现金预先支付，”建屋发展局说。

截至周五，建屋发展局表示尚未收到该组屋的转售申请，该单位建筑面积为1,465平方英尺。CNA周五查核发现，其在PropertyGuru上的挂牌价已降至约新币200万元。

建屋发展局建议潜在买家做足功课、审慎评估住房选择并妥善规划财务，以免支付过高价格。“我们敦促买家参考建屋发展局资讯网（HDB InfoWEB）上的转售交易数据，以及组屋门户网站（HDB Flat Portal）上的可用住房选择，”建屋发展局补充说。

CNA已联系正在营销该单位的PropNex经纪，以了解更多挂牌信息。

转换计划
该转换计划于1993年推出，为面临空间不足的组屋业主提供一条途径。根据该计划，符合条件的业主可在公开市场上购买相邻的三房或更小组屋，但须符合当时适用的公民身份和家庭核心要求。他们还必须先请建屋发展局评估合并单位的结构可行性，然后再提交购买申请。若获批准，他们可以完成购买，并将两个单位合并为同一租约下的一套组屋。合并后的组屋在满足新的最低居住年限后，可随后在公开市场上出售。