HI morning
Basically let me help you to understand the concept better and all your questions will be answered.
When we purchase a HDB, we will have to fulfil a 5 years Minimum Occupation Period (MOP). So during these 5 years, we are not allowed to concurrently own any private RESIDENTIAL properties both local and/or overseas. So if you already own any condo before buying your HDB, you will have to dispose all of them within 6 months of getting your HDB keys. The only way to own HDB together with private properties, is to first own your HDB and fulfil your MOP, then you purchase your private property. You can stay in your condo and rent out your HDB if you so wish to.
You mentioned about BTO In your questions as well. For application of BTO, we are not allowed to own or dispose off a private property within 30 months (2.5 years) before the date of the new flat application. So if you already own a condo, BTO might not be the option for you.
Maybe if you are comfortable, we can actually meet up for a chat. No worries there are no obligations at all. We can just take it as a chat. We can also take the opportunity to do a financial calculation for you so that you can have a better idea of how your future plans can be. After the calculation, we can send it to you. This step is crucial as I have seen many others who jump into a real estate move without proper planning and ends up with a huge headache. For owners who are doing pure selling, it is still not so detrimental but for sale and purchase scenarios, regardless from what property to what property, financial calculations are essential.
I have served many clients over my 10 years in this industry and many of them are my friends now. Many them have also left testimonials for my partner and I for our service rendered. I was also being featured in Council of Estate Agent newsletter for Great Client Service together with my partner and I also won the SAEA Best Client Service Silver Award. I have left the links below to our testimonials and CEA feature. If you are free, maybe you can copy the links to a browser and take a look. I hope all these can give you an idea of how we work in this business.
Looking forward to hear from you soon! Cheers!
Best Regards,
Jeffrey Heng
Senior Associate District Director (Sincerus Division)
Training Director (Navis Living Group)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)
Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)
* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
* Featured in Propertyguru Magazine - https://goo.gl/cioyEu *
* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
Mobile :
+65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com
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