AskGuru Q&A Community

Hi RCDD,

I am afraid that you have no choice but to sell your private property should you decide to purchase a HDB even if you can fully pay the HDB in cash. Another alternative will be to purchase a resale EC which will be relatively cheaper than purchasing another private condo.

Need further assistance, please dial my hotline or contact me through my email.

Thanks.

Regards,
Geryl LIM
Real Estate Consulrant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Evening,

I agree with Geryl. There's no way you can rent out your condo and purchase HDB unit and have both.
You might need to work things out other ways.

FYI
Mike Lim
 96929209 
ERA Read More

Hi RCDD,

You are require to sell off your pte property within 6 months upon purchase of HDB.

You can't have both at the same time.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.ArcAtTampinesEC.com
ERA Read More

Hi RCDD,

In the current policy, it's sad that you can't have the best of both worlds.

However, if you are intending to own another property, you can consider a decent unit of condo or apartment of probably a 2-room unit. You can use the rental to finance new unit.

If you are keen, you can drop me a mail or reach me at the below contacts.

God bless!

LB TOH
District Director
ECG Property Pte Ltd
CEA Reg. R014840J
Mobile: 97989633 
Email: Laibeng.toh@gmail.com
Website: www.LBTOH.myweb.sg Read More