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I am a singaporean, I own an overseas property together with my father. Now, i wished to upgrade to a bigger HDB flat. Can i still keep the overseas property as my parents are staying there and they no longer have a home in Singapore. They plan to retire there..Do i have to declare?
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3 Answers

Aaron Chong
Replied
Hi, yes I'm afraid you will need to declare and also to sell away your overseas property upon purchasing any HDB unit.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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Mike Lim
Replied
Evening,

It would be good to make the declaration and write in for concession, if required.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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YT Tan (陈永达)
Replied
Good evening upgrader,

You have to declare that you have an overseas property when you do the resale HDB submission.

It will be best for you to seek for appeal to hold on to your overseas property before you commit to the upgrade.

If not, your alternative will be to transfer the ownership of overseas property to your parents.

Hope my opinion is beneficial to your decision making.

Hear from you soon!

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
(W):www.propertyavenue.com.sg Read More
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