3 Answers

YT Tan (陈永达)
Good afternoon buyer,

yes you have to dispose off your current HDB within 6 months from purchase completion.

Do take note that one can only own one HDB at any point of time.

Btw care to share with me why do you intend to sell off current and purchase another since you can rent out your whole unit since it had fulfilled MOP.

For purchase of HDB, owners have to fulfill MOP before can rent out whole unit if not, owner has to be physically staying in the unit if he/ she wants to sublet her rooms out.

Hope my explanation helps!

If you need any assistance or advice in your property needs, feel free to contact me. Cheers.

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 Read More

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  • SS
    Thank you for the advice. My elderly parents prefer to stay back in our old estate as their friends are there, so I am looking at the option or buying a resale unit there.
Ivan Ng
Hi,

Yes each household can only hold onto 1 hdb at any one time. Thus, you have to sell away your hdb if you purchase another resale hdb. Thanks and may I understand your plans further so to make better recommendations? Hope to discuss further.

Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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YT Tan (陈永达)
Good morning buyer,

Sincerest apologies for the late reply. Propertyguru doesnt prompt me when there's a reply to my post.

Btw I got your intention. Probably let me draft out a financial plan for you to see whether is it feasible to move back where you guys used to stay.

The information that I will need:
1) current address and unit type (so I can estimate the sales price)
2) CPF OA funds utilised with accrued interest in current HDB
3) area that you want to move to and unit type (so I can estimated purchase price)
4) finances on hand (balance CPF OA funds and cash)

With all these information, I will be able to advise you further with a financial plan.

Hope to hear from you via email or mobile 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 Read More

0