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Hi. I would like to buy a hdb flat under single scheme. If the mortgage loan I take from private bank instead of HDB loan under the regulation do I still need to delare my oversea properties? Pls advise. Thanks
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4 Answers

Aaron Chong
Replied
Hi James, whether your loan is from the bank or HDB, you still have to declare and sell your overseas property within 6 months upon collecting your keys of the resale unit.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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  • JJ
    Replied
    Comment added by Mr. James James - Aug 28, 2014


    Thanks for the reply. And also I overheard that if I did declared the property beforehand. HDB's would allowed me to buy flats w/o dispose any of my oversea property. Is it true? some of the property agent claimed that can aleast hold one overseas residential properties. Pls advise
YT Tan (陈永达)
Replied
Good evening James,

You have to declare and dispose off any overseas residential properties within 6 months from resale HDB completion in regardless you are taking HDB or bank loan.

Hope it helps!

If you need any assistance in your property purchase, feel free to contact me.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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  • JJ
    Replied
    Comment added by Mr. James James - Aug 28, 2014


    Thanks for the reply. And also I overheard that if I did declared the property beforehand. HDB's would allowed me to buy flats w/o dispose any of my oversea property. Is it true? some of the property agent claimed that can aleast hold one overseas residential properties. Pls advise
Mike Lim
Replied
Evening James,

For purchase of HDB unit, regardless of HDB loan or bank loan, you are to remove your private property ownership within 6 months from key collection.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • JJ
    Replied
    Comment added by Mr. James James - Aug 28, 2014


    Thanks for the reply. And also I overheard that if I did declared the property beforehand. HDB's would allowed me to buy flats w/o dispose any of my oversea property. Is it true? some of the property agent claimed that can aleast hold one overseas residential properties. Pls advise
Angela Chua 蔡斯淇
Replied
Hi James,

As long as you hold a private property, you need to dispose it within 6 months after the purchase of a HDB resale flat.

Feel free to contact me if you require further assistance.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More
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  • JJ
    Replied
    Comment added by Mr. James James - Aug 28, 2014


    Thanks for the reply. And also I overheard that if I did declared the property beforehand. HDB's would allowed me to buy flats w/o dispose any of my oversea property. Is it true? some of the property agent claimed that can aleast hold one overseas residential properties. Pls advise

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