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Currently we own a hdb flat and we are staying together with my parents but I would like to buy a private property for own stay and let my parents continue to stay in our hdb. Is that allowed under hdb rules?
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3 Answers

GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred Experienced SG Professional

No issues, as HDB is your property regardless it is leasehold.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

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YT Tan (陈永达)
Happy lunar new year to you, buyer!

As long as your household has at least one Singaporean and you have fulfilled your minimum occupation period, you are eligible to purchase a private property and hold on to your HDB for your parent's occupation.

By the way, do bear in mind that you will be subject to cooling measures for your second property purchase.

1) 7% additional buyer's stamp duty
2) restricted to 50% loan if you still have outstanding housing loan
3) if you utilised CPF OA funds in current flat, you have to keep half of minimum sum ($80.5k) in your CPF OA + SA first before you can use the excess

Hope my explanation helps!

How can I value add further in your purchase?

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
BEstate Agent no. L3010650D
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(M): +65 9111 5171 
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Hi,

As long as there's an SC owner in the hdb and you have fulfil 5 year MOP, yes you can purchase a private property. However you will be subjected to 7% ABSD and also restricted to 50% max bank loan for 2nd property.

Thanks and may I have more info so to value-add with better recommendations? Thanks and let's discuss further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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(Client's Testimonials) Read More
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