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Hi, I am a Singaporean and the owner of a 4-room HDB flat in Jalan Membina for which I have satisfied the Minimum Occupancy Period (MOP) for my flat. Very recently, after serving the MOP, I invested in a housing property OVERSEAS in order to accommodate my ageing parents and my grand parents in that country. Now, I am considering selling my existing HDB and buying a 5-room resale HDB through the Enhanced Contra Facility. I am seeking your advice as to whether I am eligible to buy a resale HDB under the "Enhanced Contra Facility", given that I have a recently purchased OVERSEAS property, which I can't divest so easily? Thanks.
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4 Answers

YT Tan (陈永达)
Afternoon Mohan, You can continue to sell and buy your HDB just that you have to dispose off your interest in the overseas property within 6 months after completion of purchase. You can transfer the ownership to your parents as one of the options. Hope it helps! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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Afternoon Mohan, Under current HDB ruling, all HDB buyers are required to remove their ownership status of private property, within or out of SG. Furthermore, to perform enhanced contra facility, your current unit and upcoming unit need to be using HDB loan. Before you act, you have alot of things to consider and work into. FYI Mike Lim 96929209  m52i@yahoo.com ERA Read More
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Hi Mohan, As long as you are holding on to the overseas property, it is the best to remain status quo as selling your existing place and purchasing another resale HDB will require you to dispose off the overseas property be it sale or giveaway. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More
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