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Good morning,

Sorry to inform you that SPR household (all owners are SPRs) has to dispose off their HDB within 6 months from purchase completion if they decide to purchase a private property.

Do refer to the link below under the heading "exercise the option to purchase":
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/acquiring-private-property

Unless you convert to Singapore citizen, you will be able to hold on to the existing HDB and purchase a private property.

Assuming you are SC while wife is SPR, even with your above ownership percentage, 20% ABSD (higher of SC with second property count vs SPR with first property count) will be based on the whole purchase price and not your 1% ownership. You will be eligible use your CPF after setting aside Basic Retirement Sum if you have utilised OA funds in existing HDB.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Dear sir/mdm,

SPR households are ineligible to purchase a private residential property if they are currently owning a resale HDB and intend to retain the property. They are required to dispose the HDB if they intend to purchase a private residential property, unless 1 of you convert to a Singapore Citizen.

I have been in the real estate business since 2009, with more than 14 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
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, for SPR household, one will be required to sell their HDB flat if they have the intention to upgrade to a private property.

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

Hi, appreciate your sharing. It is still subjected to ABSD due to the purchase is made on 2 parties. Unless base on essential occupier.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

For SPR households, they are required to sell away their HDB within 6 months if they purchase private property.

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
ERA Senior Marketing Director
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My Answer with regards to your Question:

- SPR households cannot buy a private residential property if they own a resale HDB and plan to keep it.

- To purchase a private residential property, they must dispose of the HDB, unless one of the SPRs converts to Singapore Citizenship.

- - I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

Please contact me first directly at (+65) 98569255  as I am not able to reach you first through PropertyGuru.

See my REVIEWS here: (Just need to Copy and Paste the link)

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

Able Toh-ERA, Singapore Mobile :( +65) 9856 9255 

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Propnex Read More

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

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