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As I am working overseas for the next 5 years and am renting a place.Rent is expensive.I am seriously looking to buy a property for residential occupation and for reason of financial planning.I may even extend my work overseas for the future.Can I buy the property overseas under HDB rules as I own an HDB BTO flat for the last 3 years.Any solutions,other than not declaring it?
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1 Answer

Kelly Tay Kailin 郑凯琳
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Dear Mr Tan, I understand you are looking to buy an overseas property. For direct BTO flats you would have to meet the Minimum Occupation Period (MOP) of 5 years before you can purchase a Private property (be it local or overseas). Call Kelly Tay @@ 9753 7655  for a discussion on your property needs, I would be glad to share with you more professional advice. Here, we ensure customers are well-informed of their options. Thank you. Read More
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  • TS
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    As my intended purchase of the residential property overseas has absolutely no impact on Singapore property or the finance sectors market as my intended finance will not come from any bank operating in Singapore.I will not be competing with others in the Singapore property market or even impose on the finance sector.There is also a need to keep my finances under control and do some financial planning when I do return to Singapore in the futureWhat exactly is the logic of HDB ruling,if any Min.occupation period starts from my taking possession of the keys from hdb or actual physical occupation(which is not possible since I am physically overseas)???

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