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Hi Guru,
I am single over 35 and wants to buy a resale flat close to my parents. My problem- I have worked overseas for several years and have bought a property to live in while working. 2 years ago I decided to return home to spend more time with my aging parents. I am staying at my parents’ home along with my married sister’s family of 4. The short answer is that I need to move out and get a place of my own.
I can’t get a private condo because i can’t afford it. I can’t get a BTO either because i just exceeded the income ceiling. In the end, i can probably afford a 3 room resale flat with less than 60 years lease, which I don’t mind at all. My problem is that HDB restriction to buy if the buyer has existing private property( local or overseas). So i have made an appointment with HDB to explain my situation. But I can’t tell what they would say. Any advice or tips here on how i can appeal to them in order for my request to be granted?
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1 Answer

Hi Alexa,

I am unsure what HDB's direction is, but 1 consideration could be disposing the overseas property, which perhaps can be an option for you. It does not necessary mean to sell of that property but to have your name removed as an owner of that property in particular. This could involve some legal works especially towards the legislation of that country and state where your property is in.

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