AskGuru Q&A Community

Hi,

If you have owned the HDB for more than 5 years and met the MOP, yes you can purchase private property and rent out the hdb. 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

Hi

Yes you may get a pte property and rent out the HDB unit. Feel free to contact me @ 91147421  to allow me to further assist you with your investment plans.

Thank you
Jeremy He
ERA Read More

Hi,
Yes, you can purchase a private property and rent out the whole flat. HDB approval is still a required process. Others to be aware is the ABSD for 2nd property and the property tax after you sublet out the HDB.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Morning,

Since you have stayed in your HDB unit for more than 5 years, you have fulfilled the basic requirement. Therefore you are eligible to purchase your second property, subjected to 7% ABSD, payable by cash. If your current HDB is still under mortgage, you can obtain max of 50% loan where 25% down payment have to be made with cash.

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

Hi,

Yes, as long as you have fulfilled your 5-year MOP, you can go ahead and purchase a private residential for own occupancy, and then rent out your HDB flat for rental income.

Upon subletting the HDB flat, you will be required to submit for "HDB approval", to ensure that you are renting to the eligible tenants.

Do take note of the relevant stamp duties and property taxes involved should you decide to take this step.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Sir/Madam

Yes, if you have owned the HDB for more than 5 years and met the MOP you can purchase private property and rent out the hdb.
Please contact me at (65) 96608508  or Silviayang8@gmail.com so I can assist you further
Thank you.

Warmest regards,

Silvia Yang Read More