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Hi,

Yes in fact u have to wait out a 30-month period after selling your overseas property before you can apply new EC, unless you appeal with HDB if you have a special reason. Thanks and hope it clarifies.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Hi Kumar, yes it is mandatory to sell your existing overseas property when purchasing an EC unit.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr Kumar,

Yes you will need to sell off your overseas property to purchase an EC. We can speak more in detail so that I can explain the entire procedure of purchase and rules&regulations in place to enhance your understanding.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to advise you further in the most detailed and thorough manner on your available residences options as well as for me to very comprehensively chart out your financial calculations cash flow to expedite the purchase.

Rest assured, I will walk you through the entire process- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. Will also run you through the recent transaction caveats and illustrate a price analysis of the market for your understanding. Furthermore, you pay nothing for my service and consultation but I assure you of handling the entire technicalities of the purchase to best protect and maximize your interest.

I hail from the #1 team of ERA in Singapore, Asia Pacific and international for 2014. I have also won many coveted awards recently, which is a testimony to my commitment and drive towards meeting my clients real estate goals and aspirations.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
contactdkumarrai@gmail.com

#1 team of ERA in Singapore, Asia Pacific and international for 2014.

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
2014 Aug/Sept/Dec ERA Top Achievers
2014 3rd Quarter ERA Top Achievers Read More

Good afternoon Subra,

Yes you have to sell off your private residential property be it in Singapore or overseas. In addition to that, you have to observe a waiting period of 30 months before you are eligible to apply for EC.

Hope my explanation helps!

If you are unwilling to wait that long, probably you should consider private property.

Feel free to contact me if you need any assistance or advice in your property purchase. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More