Asked by
Hi there. Enquiring on the HDB laws regarding foreign property. I’m a singaporean and currently own a property overseas. The property, however, is tagged to my visa meaning that once my visa expires, the property needs to be sold. I would be moving back to Singapore once my visa is up. Just wondering if the 30 month waiting period applies in this case since there is a conditional clause added stating that the property would need to be sold.
0
338 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

HI,

Even though your property is overseas, you are not eligible to buy a new flat from HDB.

30 months waiting period still applies for new BTO/sales of balance flat.

Your option is either wait for expiry of 30 months or to buy a resale HDB flat, where you only need to dispose off your foreign property within 6 months upon key collection.

Hope the above answer to your main concerns, but if there are more queries, 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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
0
Good morning,

If you are getting resale HDB, the 30 months waiting period does not apply. You will also have around 6 months period to sell your private property upon collection of keys for your HDB unit.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Robbie Chen Chee Howe
Hi,

The 30-month rule applies only to new BTO flats from HDB. You will not have this wait-out period if you're getting a resale HDB flat or a private condo.

Should you need any 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
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions