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Eligibility to buy HDB

Hi,

I have some agricultural land and private property in india in my parent's name.
My wife has land property in india in her name.
we both are PR here.
We intend to buy a resale HDB here.

Are we eligible to buy ?
Do we have to sell off properties in India before we can buy ?

Thanks,
Chitta
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2 Answers

P N Samy
Replied
Hello Chitta,

Since both of you are Singapore PR, you are eligible to buy resale HDB flat. However, under the new regulation, you need to declare the ownership of overseas property, & your wife will have to sell off her properties in India within 6 months from the date both of you took procession of the HDB flat. You will not be affected as yours are in your parent's name.

If you buy a private property in Singapore, then your wife will not require to sell off her property in India do you have further information you conduct me for more details
pn samy associate manager propnex realty 92477953  as any time Read More
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P N Samy
Replied
Hello Chitta,

Since both of you are Singapore PR, you are eligible to buy resale HDB flat. However, under the new regulation, you need to declare the ownership of overseas property, & your wife will have to sell off her properties in India within 6 months from the date both of you took procession of the HDB flat. You will not be affected as yours are in your parent's name.

If you buy a private property in Singapore, then your wife will not require to sell off her property in India do you have further information you conduct me for more details
pn samy associate manager propnex realty 92477953  as any time Read More
0
Upvote Upvoted

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