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
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg
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