AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

2 Answers

Mike Lim
Replied
Morning Jack,

If you didn't apply through the HDB to rent out your unit, during your seven years of ownership, you should have fulfilled the MOP requirements.
Thus, you are eligible to purchase a second residential property. Do note that if your current unit is still under loan, bank can only grant you a maximum of 60% loan for your second property.

Do contact me if you require further assistance.

Thanks
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
Jaslin Poh
Replied
Hi Jack,

You will be eligible to upgrade from HDB to Private Property if you have fulfill the Min Occupation Period requirement.

After you new purchase, if you are considering if renting out your unit, you can only rent out your private property & not HDB.

Pls free to sms/email me shall u have more questions about this. Will be glad to share with you more if required.

Best Regards,
Jaslin (HSR)
T : 8333 9131  Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions