Asked by Anonymous
Hi, My wife and I are working overseas at the moment. We are looking to buy our first property in Singapore but have a couple of question with regards to HDB rulings and restrictions. Would really appreciate any help or advise in our property purchase journey. 1) Both our pre-tax income are derived overseas and is above SGD12k. Does this mean we are ineligible to purchase a new HDB unit? 2) If we are ineligible to purchase new HDB, are we eligible to purchase resale HDB? 3) Assuming we purchase a resale HDB, are we allowed to rent it right after we settle the transaction (as we are currently working overseas). Are there any considerations such as having to apply for permission, etc.? 4) What are the sale restrictions if we purchase a resale HDB. Is there a minimum occupancy period we have to fulfill? What if we decide not to return to Singapore, can we rent out the HDB indefinitely or sell it at some point? Thanks so much for all you help.
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