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If I buy a HDB but have an overseas property, do I need to sell my overseas property?

How can the HDB check whether I have an overseas property or not and whether I have sold the overseas property if I need to sell?
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1 Answer

Mike Lim
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Afternoon,

Under HDB regulation, HDB buyers are required to remove their ownership status on all residential properties, within and out of Singapore. You are required to make Statutory Declaration during HDB first appointment. If you want to take the gamble and be liable for possible claim of loses by your seller, if the transaction does not fo through, it would be advisable to play by the book.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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