Yes, this arrangement is generally allowed under Singapore rules, provided it is done properly and reflects your actual living situation. Since you have already fulfilled the 5-year Minimum Occupation Period (MOP) for your HDB flat, you are permitted to move out of the flat. You may leave the HDB vacant or allow immediate family members, including your parents-in-law, to stay there rent-free. However, you cannot rent out the whole HDB flat or collect any form of rent from your parents-in-law without HDB approval.
From IRAS’ perspective, property tax is determined based on where you genuinely reside, not on ownership. If you and your husband truly live in the private condominium as your main place of residence, the condo may be taxed at the owner-occupier property tax rate, while the HDB flat will be taxed at the non-owner-occupier rate. This is acceptable as long as the declaration made to IRAS is accurate and reflects the actual living arrangement.
It is important to note that IRAS may assess factors such as your registered NRIC address, utility usage, and where your official correspondence is sent to determine your true place of residence. If the condo is declared as owner-occupied but you continue to primarily live in the HDB, this would be considered a false declaration and may result in backdated taxes, penalties, or fines.
In summary, you may move to the private condo and have it taxed at the owner-occupier rate, while your HDB is taxed at the non-owner-occupier rate, as long as you genuinely reside in the condo and comply with both HDB and IRAS requirements.
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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony
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 15,900 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
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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