3 Answers

Valerie Tan
Hi Deng, As long as you fulfill your minimum occupation 5 years than you can sell your HDB flat. However, it is not necessary to sell your HDB flat to purchase a new condo as long as you have fulfill the Minimium occupation of 5 years. the only issue if you do have an outstanding loan with your current HDB flat than you will only be entitled to a 60% loan for your new purchase.

Please call me at 96161915 if you need more assistance. Or drop me an email at val_74@yahoo.com
Leong Mun Leng (Joey)
Dear Deng,

Since your HDB was purchased in September 2006, you may purchase a private property now if your HDB is a resale flat purchased without CPF Housing Grant (Non-subsidized flat).

Please refer to HDB website for verification.
http://www.hdb.gov.sg/fi10/fi10325p.nsf/w/PrivatePtyEligibility?OpenDocument

As to your query whether you should sell your HDB now then buy a condo, various factors are involved according to your needs and budget.

There are many new launches right now with promotions. Please do not hesitate to contact me at 94754751 for further discussion.

Yours Sincerely,

Joey Leong
CEA Reg No: R026760D
ERA Realty Network Pte Ltd
Email: joey_leong@singnet.com.sg
Jocelyn Or
Hi Deng,

In short, you'll have to first apply for the Minimum Occupation Period (MOP) verification on HDB website. You'll get a reply letter from HDB officer within two weeks. Then you'll know for sure the exact date that you can sell.

Meanwhile, it's advisable to meet up with one of us to help you with the financial planning, especially since you'll be buying at the same time. The moving plan is also crucial as nowadays, HDB transaction is very fast and can complete within 2 to 3 months.

Do call for a non-obligatory discussion!

Regards,
Jocelyn Or
98480085