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You are not allowed to purchase any residential property regardless in Singapore or overseas during your 5 years Minimum Occupation Period after purchasing a HDB, whether or not there is any loan or grants received.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

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Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

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Hi
If you bought your HDB in 2021, you have not met the 5 years MOP and is not eligible to even sell your HDB. As such according to HDB regulations, you are not allowed to purchase any residential property whether in Singapore or overseas for a period of 5 years. If you are a Singaporean, you may purchase an overseas residential property once your 5 years MOP period is up without selling your HDB. However for all SPR household, they are required to sell their HDB before or after (within 6 months) acquiring any private or overseas property. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More

Hi Kasturi,

1) You have to complete the 5 yrs MOP in the current flat before being allowed to buy any private residential properties locally and overseas.
2) This has nothing to do with whether you received any grants or loans from the HDB.
3) It is a mandatory requirement for anyone who bought an HDB flat.
4) If you wish to sell your HDB flat, you will have to seek approval from the HDB since you have not completed your MOP.
5) By doing so, you are also subject to the seller stamp duty of 12/8/4% in the 1st 3 years of your purchase. So likely you will be subject to the 12% or 8% seller stamp duty depending on the exact date you bought and sell.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

You will need to fulfill the 5-year MOP before you can sell your HDB flat, or purchase another residential property (both local and overseas).

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market. Read More