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Hi,

Unfortunately you have to remove your overseas property ownership regardless of going for BTO or resale. Appeal cases approval on case by case review basis, but chances will be slim and takes a few months processing time. If the finances are comfortable, you may want to consider private property. Thanks and hope to assist with your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Hi there,

I'd advise you to get a resale HDB flat, so that you have more time to settle the disposal of your overseas property (you have 6 months from the resale completion date to do it).

You can try appealing to HDB before proceeding on any commitments.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi Sir/Mdm,

It is advisable to appeal to HDB for an approval to hold on to the overseas property. Do highlight the circumstances that you became an owner of the property.

Approval is given on a case by case basis. I have assist my clients who managed to keep their overseas property while getting an EC.

Please feel free to contact me so that I can assist and guide you through the appeal process.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Evening,

As the unit have being inherited, it would be tough to obtain approval from HDB to keep the unit and yet eligible for purchase of HDB unit.
If you are looking at getting a BTO unit, you will need to wait for 30 months after selling your share of the unit. Should you be ready to transfer the share of the inherited unit to your siblings, you can look at resale HDB unit.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Good evening buyer,

I will strongly advise you to appeal to hold on to overseas property before you commit into any purchase.

Do take note that it's based on case by case basis. just for your informtion, I had 3 such applications being rejected last year. If not you can opt to transfer the ownership to your sibling.

If you opting for BTO or new EC, you have to first dispose off the overseas property and observe 30 months waiting period before you can apply for either.

Alternatively you can go for resale HDB, you just need to dispose off overseas property within 6 months from purchase completion date will do.

Unless you opt for private property inclusive of resale EC, you dont have to abide by this restriction.

Hope my sharing is beneficial to your property purchase.

May I know how can I value add in this purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Hi,

Re: Our Preferred Experienced SG Professional

Pls walk in to any HDB branch to submit your appeal, with hard copy prepared. Upon the results of the appeal then you can decide whether to dispose the overseas property accordingly.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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- If you need further assistance, feel free to reach out to me! Unfortunately, this platform doesn't allow direct contact, but you can contact me via WhatsApp at 9856 9255  or visit https://wa.me/6598569255.

- I'm here to help with no obligations and happy to answer any questions you have.

- You can check out my reviews at https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

- For buyers:

- I can help you find resale and new private homes such as condominiums or landed properties.

- There are currently no fees charged for my services.

- I can connect you with a reputable banker for private housing loan (In-Principle Approval) at no charge and no obligation.

- For mortgage home insurance matters, I have a partnering liaison to assist with your needs. Read More

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(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

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