4 Answers

Ivan Ng

If you wish to keep your HDB, you should not consider EC purchase from developers as you are required to sell your hdb after your key collection to EC (hdb regulation). Hence your option would be private condos, where you can keep both hdb & condo.

May I understand your plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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YT Tan (陈永达)
Good afternoon C P,

I am afraid to inform you that you will have to dispose off your HDB within 6 months from new EC's TOP date. As you are a second timer, you might be subject to resale levy of $45k depending on which EC project you are purchasing. Some EC projects are not subject to resale levy. Resale levy is payable if you opt for BTO or new EC.


If you still wish to continue to own two properties, perhaps private property will be the best option for you.

But do take note of these cooling measures when you opt to purchase second property:

1) you will be subject to 7% additional buyer's stamp duty as singaporean
2) if you had utilised CPF OA funds in HDB, you have to set aside basic retirement sum $80.5k in your CPF OA + SA first before you can use the excess CPF OA funds in this purchase.

By the way, care to share what's the usage of HDB now? Rental?

Do share more information with me so I will be in a better position to advise and assist you further.

If my suggestion can save you on ABSD and allows you to utilise all CPF OA funds, will you be keen to find out?

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171
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Ng Teck Chuan
Hi Ms C P,

To answer your main concern first, you can't purchase an EC without selling your HDB flat, and probably no more grants for you - your only option is to purchase a private apartment/condominium (do note that you'd be subjected to ABSD).

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602 Read More


Tricia Tan 陈丽子
Hi Good day.
You only have 1 option. To get a condo. As to buy an EC, you have to dispose your hdb. And u cannot rent it out as well. So best option to go for a condo. You will also be liable for absd. Feel free to watsapp me/sms me at 91442664 for a detailed discussion.
Would love to assist you in the entire purchase and transaction.
Tricia Tan 65 91442664 Read More