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Home Financing

Asked by Z 25 Sept 2012

Hello. I have a fully paid up HDB flat, stayed for 15 years. Can I buy a Condo, stay in Condo & rent out my HDB flat? Do I need HDB approval for this? Please advise procedure. Thanks!

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Mike Lim · Answer 1 · 2012-09-25T11:14:53+08:00

Mike Lim

Replied 25 Sept 2012

Morning,

Being SC, you are eligible to purchase private property for home-stay and rent out your HDB unit, upon fulfilling the MOP. Write into HDB and request for approval to rent out the unit. Get the approval letter and you are on the way for rental.

FYI
Mike Lim
96929209
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More

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Francis Xavier Nathan · Answer 2 · 2012-09-25T12:17:29+08:00

Francis Xavier Nathan

Replied 25 Sept 2012

Hi Z

Yes. You may buy a condo, stay in it and rent out your HDB.

The HDB approval is just a formality. You can do so via the HDB website and your Singpass.

Do not hesitate to call me for more info at 96422792 . Or write to me at email fxnhomes@gmail.com

No obligations!

Regards

Francis Xavier Nathan
Asst Head Training cum Team Director.
CBRE RAPL Read More

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