AskGuru Q&A Community

Hello Eric,

with regards to your question, in my opinion, I would suggest you to buy a property to stay instead of renting as bank interest rates are so low now.

Hdb EA units are quite expensive depending on the location. For greater flexibility and freedom, you can consider purchasing an older private apartment so that you are still legally permitted to invest in private property again if the opportunity arises.

But in the event that you intend to purchase a HDB EA and if you have not fulfilled the minimum occupation period, you can only invest in:

* pure commercial properties
* pure industry properties
* vacant land not zoned for residential development.

I hope this helps. Feel free to contact me for more assistance anytime! Have a good weekend!

Best Regards
Dalen Chee
email : dalenchee@gmail.com
mobile : 9695 2550 
my web : www.96952550.com Read More

Hi Eric,
I am afraid you cannot buy an EA now since you mentioned u just sold off your pte property last week. (with the new hdb ruling)
Feel free to contact me if you need any assistance.
Best Regards,
Tricia Tan +65 92700867 
The Power of Closing- Pn Realty Pte Ltd Read More