HDB regulates that the buyer and essential occupiers cannot hold any private property during the first 5 years of buying the HDB. So it effectively means that if you own a private property of any kind, you will not be able to buy a HDB Resale Flat or apply directly to HDB for a new flat.
Can I buy HDB resale if I have private property?
After selling your private property, you are allowed to buy a resale HDB flat. … That means you can buy a resale flat even before selling your private property, so long as you sell it within six months. You can also take a bank loan to finance it.
Can a private condo owner buy HDB?
Can I Buy an HDB Flat If I Own a Condo? If you’re a condo owner, you can’t own an HDB flat at the same time. You would need to sell your condo before you can buy an HDB flat. Alternatively, you may buy a resale flat if you sell your condo within six months of moving in.
Can you own both HDB and private property?
Before you even think about buying a condominium while you currently own a HDB flat, you might want to consider these factors first: Fulfilling the Minimum Occupancy Period(MOP) – You cannot concurrently own a HDB and buy a private property during the first 5 years of your stay in the HDB flat you’ve bought.
Can private property owner buy EC?
You are eligible to purchase resale EC even though you own a private property. After attaining its MOP, SC or SPR are eligible to purchase resale EC as they considered “private property” (foreigners are only eligible after privatisation).
Can I inherit my parents HDB?
Yes, you can inherit your parent HDB flat. However, do take note that as your parents flat was a “subsidised flat” bought directly from HDB, you will need to sell off your private properties within 6 months upon the HDB flat inheritance.
Can I buy a resale HDB after selling my condo?
Yes you can purchase resale HDB immediately after selling private condo. However for new BTO direct from HDB you need to wait out 30 months.
Can a HDB owner own a condo?
If you own a HDB and a condo, you can rent out either one or stay in both properties.
Can grandchild inherit HDB flat?
Anyone can inherit a hdb , if in the event that none of the person that inherited the hdb is eligible to keep it , the hdb Can be cash out and sold in the open market .
Can Singaporean own 2 HDB?
Can I buy a second HDB flat? Yes, you may purchase a second HDB flat. However, you will need to sell your current HDB unit within six months of collecting the keys of the new flat.
Can I own HDB and EC?
Can I get a new EC if I used to/ still own an HDB flat, DBSS flat, or EC? Yes, provided that you only own/ owned 1 of the following units prior to your application: Flat bought from HDB.
How can I own two properties in Singapore?
Can I Buy 2 Properties in Singapore? Yes, so long you buy a private property first and are intending to purchase another private property. You’ll have to pay ABSD too. If you want to own an HDB flat and a condo, you have to buy the HDB flat first, and only buy the condo after you’ve fulfilled the HDB flat’s MOP.
Who can buy second hand EC?
You must be a Singapore Citizens (SC) or Singapore Permanent Residents (SPR) in order to buy a EC from 6th year occupation period. You need not to form a family nucleus to buy a EC from the open market. For e.g. a single person SC or SPR above 21 can buy a EC from the open market.
Can I use CPF to buy resale EC?
Can I use CPF to pay for Resale EC? For the Resale EC purchase, the 25% downpayment, the minimum cash outlay is 5%. The remaining 20% can be paid by cash or from EC buyers’ CPF Ordinary Account (OA). For the Resale EC purchase, both legal fees and stamp duties can be paid from your CPF Ordinary Account (OA).
Can 2nd timer buy EC?
Second-Timers are also liable to pay a Resale Levy when they buy a new EC directly from developer. A few ECs are exempted of the Resale Levy though. But ECs that are launched from 2015 onwards will have the Resale Levy rule imposed on Second Timers.