Asked by Anonymous
HI, I'm a Singapore citizen. I currently own a private condo and stays in it. I also own another condo that I'm renting out. I'm thinking of moving out of the private condo that I'm staying and rent it out, and purchase a HDB flat for me to stay. I know that under HDB rules, I cannot buy a resale HDB without first disposing of all my private properties. Can I transfer the ownership of the 2 private properties to a relative, buy a HDB resale flat, then re-transfer the private properties back to me? How much stamp duty will be involved? Thanks
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