8 Answers

askguru expert
Hi Jessie lim, thanks for writing to us on AskGuru.

As a general guide, you can buy upwards (meaning from an HDB flat to a private property) but not the other way round. This is because HDB flats are subsidised public housing with the aim of keeping prices affordable for everyone. If you have a private property and wish to downgrade to buy an HDB resale, you must sell your private property within six months of the resale flat purchase. If you wish to buy a BTO flat, HDB rules state that “applicants and occupiers listed in the flat application do not own other property overseas or locally, and have not disposed of any within the last 30 months”. The only exception is if you are gifted (via a will) with a resale HDB flat, subject to HDB’s approval. Do note, you cannot buy an HDB resale and BTO flat concurrently.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
Hi Jessie, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. Upon purchasing and collecting the keys of the resale HDB flat, you will have to sell off the private property within 6 months.

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More

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Robbie Chen Chee Howe
Hi,

Yes you can, as long as you able to form a valid family nucleus under one of the many Schemes.

However, do take note that you will be required to dispose off all interests in private residential properties (both local and overseas) latest within 6 months upon your HDB flat purchase.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More

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Taufik Hussein
Hi
If what you meant is you want to keep your private property but purchase a resale HDB, the answer is no due to MOP requirements. A resale HDB come with 5 years MOP requiremnr where you are not allowed to hold a private property within these 5 years period. If you have already bought a resale, you will be required to sell your private property within 6 months from your resale HDB purchase. Do contact me at 93375051 for anfree an dnon obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

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Ivan Ng
Hi Jessie,

Yes you can as long as you can qualify under one of the resale hdb buyer eligibility scheme. However do note you will need to sell away your private property within 6 months after key collection to the resale HDB.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

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Nick Tan
Hi Jessie,

There are no restrictions in buying a resale flat as long as you can satisfy one of the eligibility schemes to hold a resale flat. However, you will need to dispose your private property within 6 months of purchase.

Please feel free to contact me if you need any assistance!

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
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I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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Silvia Yang
Hi Jessie

Yes you can as long as you can qualify under one of the resale hdb buyer eligibility scheme.
However you will be required to dispose off all interests in private residential properties (both local and overseas) latest within 6 months upon your HDB flat purchase.
I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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Gavin Ng
Hi Jessie,

You will have to sell away your private condominium if you are eligible to buy a resale HDB.

You may text 9620 0827 for a casual chat.

Gavin Read More

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