Hi Mr Albert Byrne,
You may sell your existing HDB flat provided you have fulfilled the Minimum Occupation Periodd and downgrade to a smaller unit. Resale levy maybe applicable depending on the housing loan and grants you have undertaken for your existing unit.
Upon purchasing a smaller HDB, you are required to observe the Minimum Occupation Period again before you are allowed to purchase a private residential property. If your intention is to invest in property, you may perhaps with to consider investing in commercial or industrial properties.
1st of all, you need to assess the available fundings you are comfortable in committing into these purchases before moving into action.
If my team of dedicated salesperson who have collectively numerous years of experience in this industry can assist you, please contact me further, as I'd like to share with you an exclusive checklist designed by my team specially for our exclusive clients to try help enhance the valuation of their HDB.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
Email: lim.geryl@yahoo.com.sg
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