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Hi,

It is deem as a serious offence if you falsely declare. Depending on the severity and circumstances of the infringement, HDB may issue a written warning, impose a financial penalty of up to $50,000, or acquire the flat compulsorily from the both of you if caught.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

:D This question is very inappropriate to be put up here, as it is like inviting a licensed RES here to advise a consumer that is is ok not to declare out in public. As what Aaron mentioned, it is a serious offence not to declare the ownership of a private residential property overseas when you are looking to purchase a BTO. We do not know how will the authorities know or find out but are you willing to take a chance from being caught?

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

1) Failing to declare the updated and provide false information will lead to an offense of providing false information to a government officer.
2) This offense is subject to a penalty of a maximum fine of up to $5,000 or 6 months jail term or both.
3) Do note that you will only be eligible to apply for a BTO 30 months later after selling the private property in Malaysia.
4) And it is 15 months later after selling the private property to be eligible for a resale HDB flat.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, 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,

I'm sorry to inform you that you're not eligible to apply for a BTO flat, as your Husband currently owns a private property overseas.

To be eligible, he will need to dispose off his interest of the property, and then wait out 30 months, before you're eligible to apply for the BTO flat.

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