If you own a private property either locally or overseas, you must dispose of all private properties before or within 6 months of the resale flat purchase.
Hope this answers your question.
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The answer is no. You are not allowed to have any interest in other property either locally or overseas.
You may text 9620 0827 for a casual chat should you need further information.
Gavin Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, you would have to dispose off your overseas property within 6 months upon purchasing a HDB flat.
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1) It is clear under HDB rules and regulations that no one is supposed to own any residential property local and overseas to buy HDB flats.
2) However, HDB also provides a leeway that you may sell your overseas property within 6 months upon key collection.
3) You will be given an undertaking letter on completion date to promise to sell it off within 6 months upon key collection.
4) You have to provide proof of property sold within 6 months to HDB once the overseas property is sold. Otherwise, HDB has the right to take back your HDB.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: firstname.lastname@example.org if more information is needed.
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You will be required to dispose off all interest in properties (local and overseas) latest within 6 months upon your HDB flat purchase.
You may wish to write in to HDB to appeal if you do have strong reasons to keep the property.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require 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.
PropNex Realty Read More