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hi guru, i hav a qns regarding my parent, they are owner of a hdb flat fully paid and have live there for more than 10yrs. If they are to upgrade to a condo, are they allowed to rent out their hdb flat? and live in the condo instead?
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5 Answers

Afternoon,

To rent out their HDB unit, they would need to obtain prior approval. With that, they can rent out their HDB unit and stay in the private property which they will be buying. Do take that the rental fee will be considered within the annual income tax.

FYI
Mike Lim
 96929209 
ERA Read More
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Hi Mr A,

No problem at all.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBishanCentralCondo.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
ERA Read More
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YT Tan (陈永达)
Hi A,

Definitely there won't be any issue as the fully paid HDB flat has fulfilled the minimum occupation period of 5 years. Thus they are allowed to purchase condo and rent out their HDB flat.

If you need any assistance, I will love to assist your family.

Best Regards,
YT Tan
ECG Property
Mobile: 9111 5171 
Email: yt.lovelyhomes@gmail.com Read More
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Roger Lee  李启铨
Hi Mr A
As regard to your enquiry,and your info provided,leasing out of your parent hdb shouldn't be an issue.If you are uncertain,please feel free to call me@Hp:91856633 ,thank you.Roger Lee PN Read More
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