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Good afternoon buyer,

you will have to appeal in order to rent out your unit since it will be within the 5 years minimum occupation period and it will be based on a case by case basis.

You can appeal once you become the legal owner but do take note that the minimum occupation period will be only start when you physically occupy the unit.

By the way, have you purchase the unit? If not, private housing might be more suitable if finances permit.

Hear from you soon!

One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Hi friend,

If you enquire with HDB, chances are they may even tell you that you should not buy.

One main policy of HDB is that the flat is for own occupation.
They will encourage you to BUY only when you are returning to Singapore.

I have 2 clients in similar situation as yourself. and HDB has advised AGAINST them purchasing, even for resale flats.

Do get in touch with me and i can share the experience with you.

STEVEN WANG
EDMUND TIE & CO
khim.wang28@gmail.com
 +65 9169 5023  (WHATSAPP for quick response) Read More

In short, "subject to HDB approval". Regardless whichever HDB resale u buy, you only have to ask yourself 1 golden question "Am I ok to put down $500K, and not get back any cash proceeds should I sell in another 5-10 years time?"

I work with my clients on creative options and choices. Please feel free to contact us and we can bring this offline Sir!

Sincerely yours,
Edvan Lee (李钊昆)
*~*~*~*~*~*~*~*~*~*~*~*~*
Associate Group Director
(团队董事长)
mobile: (65) 8424 1222 
(Sms 简讯, WeChat 微信, WhatsApp, Line, Telegram)
Facebook: FB.me/EdPropertySG
Website: www.EdPropertySG.com
PropNex Realty Pte Ltd
(博纳士产业私人有限公司)
CEA Reg No.: R055063B

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Good morning,

It would be ideal to purchase the HDB unit first before appealing your case for the rental. As MOP have not been fulfilled, all such appeals are subjected to approval based on case-by-case basis. I had experienced a few cases where the appeal went through. However, it would be good to note that such approval on the rental needs to be renewed constantly. Therefore, if you are looking at staying overseas to work for the next 3 to 5 years, this might be something to ponder on.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

Approval is based on a case-by-case basis, and there is no guarantee that HDB will approve your appeal.

Question now is, if HDB rejects your appeal, are you ok to leave it vacant for the next 5 years?

Even if HDB were to approve you to rent out, do you know that when you will still need to fulfill 5 years MOP before you can sell off your HDB?

This means that if you were to get approval to rent out for the next 5 years, you are still not able to sell off the HDB after 5 years. You will need to come back to Singapore and stay 5 more years in your unit, before you can finally sell it off. Is this what you're looking for?

If you're looking for something for investment and rental purpose, I think you're looking at the wrong direction. You should seriously consider private properties instead of HDB resale flats.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More