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Good morning,

I am afraid to inform you that SPR households cannot hold onto both HDB and private property, they have to sell off the HDB within 6 months of getting the private property. If the finances are sufficient, perhaps you may want to consider getting private properties in individual names? This will reduce the stamp duty payable as well.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, unfortunately a SPR cannot own both HDB and condo at the same time.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear sir/mdm,

I was just covering this topic with my team of agents earlier this morning, where I have specifically shared with them that SPR households are inelgible to hold on to their HDB property if they decide to purchase a private property. They are allowed to own more than 1 private residential property though.

In addition, SPR cannot hold the property under single ownership. If you are planning on structuring your assets to maximise the investment returns, feel free to get in touch with us for further discussion and we can perhaps work out some customised options for your considerations?

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

1) Under the current HDB policy, the SPR family cannot own an HDB flat and private residential property at the same time.
2) SPR family can own multiple private residential properties.
3) Your intention of changing the structure of HDB ownership is not allowed. This is also commonly known as decoupling.
4) Therefore you can only choose to upgrade from an existing HDB flat to private residential property. Meaning you will still have to sell your HDB flat within 6 months upon key collection of the private residential property.
5) If you wish to invest in a private residential property while still holding on to the HDB flat. One of you will have to become a citizen of Singapore.
6) By doing this way, you will still be subject to an ABSD of 17% on the 2nd property purchase.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi,
SPR households cannot hold onto both HDB and private property.
I would be glad to assist you.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei @Propnex Read More

Hi Sir,

I regret to inform you that as a SPR/SPR family nucleus, you are not allowed to hold onto your HDB flat should you proceed to purchase a private property. You will be required to dispose off the HDB flat latest within 6 months of your condo purchase.

Having said that, I strongly advise should sell your HDB flat first before you commit to your condo purchase. This is to avoid incurring ABSD on your condo purchase, and not be able to claim ABSD refund.

If you have the intentions to own 2 properties eventually while minimizing ABSD to be paid, I do have a plan for you to consider. Do get in touch with me for further discussion and planning.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More