Asked by
I am SPR and will move to another country for few years. I read that SPR are not allowed to rent full unit.

As I will be overseas, what are my options?Should I sell HDB before moving? Thanks!
0
1597 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

8 Answers

Hi Mr. Avi,

Yes SPR households cannot rent out whole unit. Your options are to keep it vacant or to sell it off to unlock the funds. I suggest the latter if your long term plans are not here and you be able to reinvest it in other asset classes as well.

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)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More
1
Hi Avi, you may want to consider renting out the rooms as well.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi Avi

You may decide to keep it vacant or sell it.

You may want to write to gavin.ng@orangetee.com for further suggestion after we understand your situation better.

Regards

Gavin Read More
0
Good evening,

By the terms of "moving out", are you leaving Singapore for good? Or are you on temporary assignment overseas?
Have you fulfill your MOP requirement?
HDB would allow SPR to rent out their unit for maximum of 5 years with approval given year by year.

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

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi Mr. Avi

Please contact me at (65) 96608508  to discuss further
Thank you.

Warmest regards,

Silvia Yang Read More
0
P. V. Ramesh Babu
Hi Mr. Avi,

Contact me @ 91166802  . I'll help you in this regard.

P.V. RAMESH BABU
Mobile: (65) 9116 6802 
Associate Group Director
CEA Reg No: R045485D.
PropNex Realty Pte Ltd
(Licence No: L3008022J) Read More
0
Robbie Chen Chee Howe
Hi Avi,

Yes you're right. PR is not allowed to rent out whole unit.

My suggestion would be, if you're planning to return to Singapore in the near term, to keep your flat and rent out the bedrooms. If you're not planning to return to Singapore, but yet wants to keep a vested interest here, you can consider to cash out your HDB and invest in a private condo. This way, you can rent out your private condo and collect rental income in SGD while you're overseas.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions