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Good afternoon Dawn,

Unfortunately, for resale HDB purchase, hdb regulation is that you have to include your spouse's name to form a married entity family nucleus to be eligible to purchase. This means the method mentioned you guys would have to sell away the private property, which will not meet your original objectives.

The method mentioned can work for getting another private property, where after selling off the older lease HDB, you can do the decoupling and recycle the unlocked sale proceeds into another private property purchase using one of your sole names. This would allow you to meet the objectives of holding 2 properties with longer lease attributes.

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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Hi Dawn,

Thank you for writing in here. In the event that you sell off your current HDB, you will not be able to purchase another resale HDB without disposing the condo, even if you were to decouple from your husband from the condo as under HDB's perspective, they view both husband and wife as a single entity, therefore even if the resale HDB is purchased under single ownership, your husband will still be required to be named as an essential occupier for the HDB, thus he is also not allowed to own any private residential properties during the 5 years MOP, including any overseas property.

There is no way out to purchase another HDB without relinquishing the ownership in the private condo unfortunately.

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.

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Hi Dawn,

For HDB rules, they are quite rigid and therefore what you intend to do may not be possible. This is because to buy a resale flat, you will need your husband to either be one of the owners or the essential occupier to form the family nucleus. In this way, he will need to dispose off the private condo within 6 months even after the decoupling process.

The way to proceed will be to sell both the HDB and condo and then purchase a HDB. In this manner, you will need to observe the 5 years MOP but either of you will be able to purchase a condo after the 5 years period. Do feel free to contact me so that I can understand your objectives better and provide you with possible solutions.

Regards,
Nick Tan
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Hi

Your option is to sell you HDB flat and but a private. You will not be able to buy a HDB flat without disposing the private property as the rules will require your husband to be either a o-applicant or essential occupier to form a family nucleus.

You may want to text 9620 0827  for a casual chat to explore other options of owning 2 properties.

Warmest regards

Gavin Read More

Hi Dawn,

I regret to inform you that your plans described above will not work.

This is because, should you sell off your current HDB and purchase another HDB flat, you will be required to sell off your private condo latest within 6 months upon the HDB flat purchase, regardless whether you do decoupling or not.

In fact, if you do decoupling, you will incur even more charges in terms of Seller Stamp Duty (SSD), which is a hefty 12% should you sell off within the 1st year.

Both you and your Husband can only purchase another residential property after you had fulfilled a fresh 5-year MOP for the HDB flat that you purchased.

Should you still wish to own 2 properties after selling your current HDB flat, you can consider to purchase another private property, instead of a HDB flat. Your method of decoupling will work should you go for this option.

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