Unfortunately no, the regulation is pretty clear that all applicants for the resale hdb have to dispose their local or overseas private property within 6 months after getting the key to the hdb. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
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The regulations do not allow for such a move unfortunately. I am just curious to understand why are you planning to do so?
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I am afraid to informm you that you will have to dispose off your existing property within 6 months from purchase completion date.
Care to share more about your intention?
Will you be keen to discuss and explore what are your options? My team have been assisting homeowners like you to own 2 properties (1 for own stay, 1 for investment) with tax savings.
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The process of ownership in both HDB and private is only single direction, not the other way round.
As Singaporean, you may own HDB, and upon meeting MOP, you may purchase private for investment or own stay.
If you own private, and wish to buy HDB for own stay or investment is not allowed.
Thus you have let go of your private within 6 months upon receiving key for the HDB.
You may consider to purchase another private for own stay or investment by decoupling in current private to save on the cost for ABSD.
Hope the above answer to your main concerns, but if there are more queries, do not hesitate and feel free to contact me at 90110636 , or email: firstname.lastname@example.org if more information is needed.
I'll be glad to assist.
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As you may already be aware, you can purchase a HDB resale flat, but will be required to sell off your condo within 6 months upon the HDB purchase.
If you wish to hold onto your condo, you may wish to transfer it to your parents or children names. Do take note that the relevant stamp duties apply.
Should you need any 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 and your partner in the current market.
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