AskGuru Q&A Community

Evening Priya,

When you gift your property to someone else, you would have done the requirement legislation to remove your ownership from the property. Hence you would be eligible to purchase resale HDB unit using bank loan.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Priya, as long as you have removed your names from all overseas properties, you can purchase resale HDB from the open secondary market.

should you choose to do so you will need to speak with a banker to ascertain your loan quantum based on your gross household income.

I would advise that you speak to a qualified real estate agent to assist you through the sale process of buying a HDB flat.

Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com
CEA Regn - R027190C Read More

Hi Priya,

You can choose to purchase a resale HDB flat first but have to dispose off your ownership in private properties (be it in Singapore or overseas) within 6 months from completion date.

Hope it helps!

If you need any assistance, feel free to chat with me.

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More