2 Answers

Ivan Ng

It may be a bit premature as any plans can only be implemented 2 years down the road, where a lot of things can happen in the interim.

For now, its possible to buy private and rent out hdb, provided you are SC and have met the MOP. That being said, the regulations can change between now and then. Costs are quite high as well given that ABSD is still applicable.

For ECs, yes if you purchase, you are required to sell away your HDB and a resale levy is payable. For 3-rm its 30k cash from your sale proceeds.

The best option involves a fair share of subjective criteria which only you know best at that point of time. Perhaps we can touch base again when its closer to the MOP fulfilment date. Thanks and look forward to value-add to your plans when the opportunity comes.

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Geryl Lim
Dear sir,

If we were to base on the current regulations:

1) Yes
2) If you buy brand new EC, you will be subjected to resale levy, and you will be required to sell your HDB latest by 6 months after collecting your keys for EC purhcased.
3) It is still relatively premature to forecast your best option moving forward, but I will highly suggest you to look into investment options (due diligence to be done please) in how to grow your wealth over the 2 years period such that you will have bigger amount of cash on hand for the purchase and can assess more different options depending on your returns.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Geryl LIM
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