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I am Single SG citizen, 36 years old. If I buy a HDB from resale market, then I leave SG for overseas, can I rent the whole unit out? Is this legal? At this point of time, is private bank loan cheaper than HDB loan? Thank You.
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2 Answers

YT Tan (陈永达)
Good afternoon, If you want to sell or rent out your whole unit within MOP, you have to seek approval from your branch office before you can do so. If you rent out without any approval, it's illegal. And yes, as of now, private bank interest rates are better than HDB interest rate. If you need any assistance in your property purchase, feel free to contact me. I can ask my panel of bankers to advise you on your in principle approval, so you can have a better idea how much can you obtain from banks. Hope to hear from you soon! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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  • FY
    in this case, what is requirement for getting HDB approval? Thank You
Dear Sir/Mdm, Qn1: I am Single SG citizen, 36 years old. If I buy a HDB from resale market, then I leave SG for overseas, can I rent the whole unit out? Is this legal? Ans1: Yes you can, subject to HDB approval. Upon HDB approval, the potential tenancy is legal. Qn2: At this point of time, is private bank loan cheaper than HDB loan? Thank You. Ans2: At this point in time, bank loan is cheaper Thank you Andrew Ngauw 8188 8887  andrew.ngauw@gps.com.sg GPS Alliance Read More
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  • FY
    in this case, what is requirement for getting HDB approval? or always can get? Thank You

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