Asked by
I am a SC who bought a HDB with my foreign spouse a year ago. We currently live there but might migrate to my spouse's home country indefinitely. Are we able to rent out one bedroom until MOP is met, or is our only option to sell the house?
0
273 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Hi Ms Vanessa,

There are 2 options to your current situation:
(1) Rent out room/s dependent on the flat type until MOP is up.
(2) Appeal to HDB to sell. However, do note that you are subjected to Seller Stamp Duty (SSD):
Within 1st year: 12%
1st to 2nd year: 8%
2nd to 3rd year: 4%

From economical pt of view, it is best to rent out room. But do note that since you are not staying there at all, you will never fulfill your MOP.

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
Hi Vanessa, renting out a room is fine.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions