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Hi,

It is advised you speak directly to an HDB officer on this unique situation as it will definitely involve a formal appeal.

Strictly speaking, for a PR household purchasing a resale HDB, both need to have become a PR for at least 3 years, and have no private local or overseas property at application. If they have local private property, they will have to sell their private property within 6 months of key collection to HDB resale flat. For the overseas property, it is likely they require your ownership be transferred before application.

Eligiblity of HDB resale flat for your case is entirely subject to HDB's discretion, thus it is best to speak to them directly before embarking on any course of action.

Thanks and hope it clarifies. If there's other enquiries I can help with after your appeal, please let me know I will be glad to understand your housing requirements further and assist.

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

Hi, you can try to appeal to HDB with regards to the overseas property that you owned but chances will be very slim. If HDB reject you, then the only way out is to transfer your overseas property to your parent.

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

Dear sir,

If transferring the overseas property over to your parents is an option, why not do the transfer instead of going through the hassle of getting the approval of HDB because of your downgrading plans from condo? Or would purchasing a resale EC be an option for you?

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Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Evening,

I have heard of cases where HDB provide exception to buyers who have private property overseas which is meant for their folks to stay in. But you will be required to provide the necessary documentation to prove your claim. The easiest way out would be transfer of ownership to your parents while you sell your private property. You will then be able to purchase the HDB resale unit, using bank loan, without any issue.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More