AskGuru Q&A Community

Hi,

Based on your described situation, it is not feasible for you to go for a resale HDB flat, as you will be required to dispose off all interests in residential properties (foreign and local) upon the purchase. You will also need to serve a 5-year MOP before you can rent out the whole unit.

You are also not eligible for brand new EC too as the income ceiling is $14,000. You can however go for a resale EC, which is considered a private property itself and there is no income ceiling for private properties.

Should you need any 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.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Afternoon,

If you are looking at keeping your overseas property, I'm afraid you can only look at resale EC or private condo. With the current HDB ruling, should you opt to purchase resale HDB unit, you will be required to remove your overseas property ownership within 6 month from key collection.

Do feel free to contact me should you require additional assistance.

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

Hi

You may buy a private condominium.

I am currently serving a buyer who is in similar situation as you. He is looking to buy a property either a new project or resale with the intention to rent out first.

You may want to write to gavin.ng@orangetee.com for further enquiries.

Regards

Gavin Read More

Hi,

You will not be eligible for brand new EC from developer as it exceeds the income criteria. For resale HDB its possible, but you will have to dispose your overseas property which I believe is not part of your plans. Further, you can't rent out the whole unit as the 5 year MOP needs to be met.

You might want to consider private properties where rental can cover the mortgage, and has decent investment potential. Unlike HDB, you can rent out the private property immediately once purchased.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

Good morning buyer,

You have the following choices:

1) resale EC
2) private property

As you have an overseas private property, you are not eligible to apply for new HDB and EC.

Since you wont be back that soon, no point purchasing a HDB cause you need to fulfill 5 years minimum occupation period (need to physically stay inside) before you can rent.

Thus you are left with 2 choices: resale ec and private property.

Resale EC are usually EC that are at least 5 years old. It's like a private property just that foreigners only can buy it after 10 years (privatised).

Actually nowadays there are a few projects that are competitively priced like a brand new EC. Will you be keen?

If not why not do share with me your requirements, I will provide you with more suggestions.

Hope to hear from you soon!

- Your Freehold Ally, Leasehold Tactician -

Like me on FB:www.facebook.com/yt.tan91115171

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE: Read More