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Dear sir/mdm,

There is no loophole available for such arrangement therefore if you have already secured your overseas property and is looking to sell your current HDB to purchase a newer HDB, then you can only appeal to HDB with valid reasons and supporting documents and hope that they will allow you to retain the overseas property. Otherwise, you have no choice but either sell your overseas property or purchase a private property in Singapore instead of a newer resale HDB.

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi,

If your existing HDB has already met the MOP of 5 years, you can keep it and purchase the overseas property and keep both, if the finances are comfortable.

However, if you purchase the overseas property first, thereafter sell off the existing HDB and buy another HDB, you are required to sell off the overseas property again per hdb regulation, hence this is not advisable.

The best way to meet your objectives looks like to sell and purchase the next HDB, wait out 5 years of MOP before purchasing the overseas property.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
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-- HDB Executive Maisonette Sellers, Mr & Mrs Yeo --

Before contacting Ivan Ng, our Property Realtor, we were quite apprehensive about our Contra-deal ( concurrent resale & purchase of HDB flats) as at that time the outlook of the resale property market was quite sluggish & pessimistic. But surprisingly our property realtor, Ivan , was able to put us at ease with his professional competence, astute work experience & friendly nature . He was able to consummate our contra-deal within one month of our HDB application. Now we are convinced by his promise that (in Ivan's own words) ... "A contra-deal is where the sale & purchase transactions are done concurrently and completed on the same day. This results in a seamless transition of the funds from your sale proceeds and CPF proceeds towards your purchase price." More importantly Ivan has also managed to clinch a good deal for our contra-deal. We'll certainly recommend him to our kins & friends. Thank you very much, Ivan. We are definitely your satisfied customers!

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I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi,

1) Since you already bought your overseas property. You will be stuck if you sell your current and buy another HDB flat.
2) The current HDB policy required you to dispose of your overseas property within 6 months upon key collection of the purchase.
3) Therefore you can only purchase a private property instead of an HDB flat.
4) Regret to inform you that there is no other alternative to your situation.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

As long as you purchased a resale HDB flat, you will be required to sell off all private properties (local and overseas), and then wait out a 5-year MOP before you're being able to purchase another residential property.

Hence, there are only 2 options for you now:
1) Stay status quo, keep your HDB and your overseas property, or;

2) Sell your HDB flat, and purchase a private property in Singapore. This way, you still achieve your aim of owning properties in both countries, without the need to sell your overseas property.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More