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Hi,

If you are upgrading to another bigger size hdb, you need to dispose both your current hdb & private property, within 6 months after key collection to the next hdb purchase.

However, if you are upgrading to a bigger sized private condo, you do not have to sell your hdb, just that youR ABSD will be higher due to higher property count.

On how best to structure your portfolio, may I understand more details so as to value-add better to your housing plans? Thanks and hope to discuss further.

Warm regards
Ivan ERA
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Hi,

Re: Our Preferred Experienced SG Realtor

You do not need to sell your HDB since you upgrading your private property. It will be advisable not to sell your HDB, as you unable to buy another HDB since you owned a condo.

We can assist you based upon your stated contents and walk you through the entire process with options.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

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Afternoon,

If you are SC, you would have fulfilled the MOP requirement. Hence you can sell away your private and upgrade without the need to sell away your HDB unit. If you also opt to sell away your HDB unit to upgrade to a bigger HDB unit, you will have to fulfill the 5 years MOP before you can purchase your second property.

Do contact me further for detail discussion.

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

Dear Sir/Mdm,

According to your description, you can sell off your condo to upgrade and you can retain your HDB. If you choose to sell off your HDB to purchase another HDB, you WILL HAVE TO sell away your condo as well because the HDB rules states that we cannot own any condo during the 5 years Minimum Occupation Period when we buy a HDB.

Actually which route to take will ultimately depends on what you want to achieve at the end of the day. This will need to be discussed for sure. If you are ok, then maybe we can meet up for a discussion. No worries as there are no obligations at all. As i get to know your requirements better, it will be easier to advise you. We can just take it as a chat session.

Looking forward to hear from you soon!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Good morning,

Not to worry. Let me help you out with this.

Your current situation: Own HDB and condo.

1) Hold on to current HDB. Sell current condo and buy bigger condo.

- no problem as long as one of your household has one Singaporean. But do take note about you need to set aside half of minimum sum before you can use the excess if you have utilised CPF OA funds in your HDB. And take note of additional buyer's stamp duty as well.

- Can consider decoupling so one can own HDB while the other owns the condo. Wont be subject to ABSD.

2) Hold on to condo. Sell current HDB and purchase bigger HDB.

- I am sorry to inform you that you have to sell off your condo as well. Due to HDB regulation, you have to fulfill 5 years minimum occupation period before you can own any private property thus you will have to dispose off condo within 6 months from HDB completion date.

Hope my explanation helps!

Probably you can share more with me so I will be in a better position to advise you further.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
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Hi,

Do allow me to illustrate your financial calculations and computations to advise further in the most comprehensive manner. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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