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I currently co-own a HDB with my spouse which we bought almost 10 years ago. My spouse has recently acquired an overseas property for investment purpose. If we decide to sell our current HDB flat and buy another resale HDB flat, can I get my partner to sell off the overseas property within 6 months after purchase? or do we need to wait out the 15 months period after selling the overseas property before we can buy a resale HDB? Please note that the overseas property is bought with full cash and only my spouse's name and it is only worth 100+k. We are unable to afford private property in Singapore and we need to upgrade our HDB due to growing family size.
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9 Answers

Hi, most likely will have to observe the 15month waitout period, of course you can appeal to HDB and see what they advise.

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YT Tan (陈永达)
Good morning,

Both of you have to observe 15 months waiting period after disposal of overseas property before you can purchase a larger resale HDB.

Unless both of you are 55 years old and above, you can buy up to 4rm flat.

If not you can try to appeal to HDB for a waiver.

Best regards,

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After selling an overseas property, both you and your brother must adhere to a 15-month waiting period before being eligible to purchase another resale HDB.

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Mani Subramanian Veeramani
Hi there,

- If your spouse has acquired an overseas property, HDB rules require that you sell the overseas property within 6 months of buying a resale HDB flat. However, you must sell your current HDB flat first.
- After selling the overseas property, there is typically a 15-month wait before you can purchase another resale HDB flat unless you or your spouse are aged 55 or above. Unfortunately, there’s no exception based on the property’s value or purchase method.
- If upgrading is urgent due to your growing family size, you might want to explore other housing options during this wait period.

Thank you.

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Hi Sir/Mdm,

Under the current HDB rules and regulations, your spouse will need to sell off or transfer his share of the overseas property to another party and observe a 15 months wait out period before you both are eligible to buy another HDB.

As your objective is to upgrade to a bigger flat to accommodate your growing family size, it is a valid reason and therefore I would suggest you to appeal for a waiver.

I have assisted my clients in their appeal before and will be happy to provide you with the advice and assistance. Please contact me privately so that I can understand your situation better!

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Nick Tan
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The 15 months wait out period will still be applicable in this scenario, unless both of you are age 55 years old and above and looking to purchase a resale 4 room flat or smaller.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

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Hi,

After selling the overseas property, your spouse will have to observe a 15-month wait out period after sale or transfer of ownership before you guys can be eligible to purchase a resale HDB.

Unless you are 55 years old and above, buying 4-room size and below for next flat, otherwise the 15 month wait out period applies.

As you are trying to get a bigger unit for personal family reasons, it may be worth a shot to appeal and apply for a waiver of the wait out period. I have helped clients in a similar situation before and can assist with your appeal.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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