Asked by Anonymous
We are a Singapore family but located overseas. Can we buy a HDB flat using all cash since we have no regular local income?
7448 views
8 Answers
Hi,
There are no restriction on buying HDB flat using all cash.
However, you have to know that you might not be able to fulfill MOP (Minimum Occupation Period) since all of you are located overseas.
The implication by not able to fulfill MOP are:
(1) You are not allowed to rent out the whole unit unless receive approval from HDB.
If you receive approval from HDB, the period you rent out your flat is not counted as MOP.
(2) You are not allowed to sell without approval from HDB.
Hope the above answer to 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
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
There are no restriction on buying HDB flat using all cash.
However, you have to know that you might not be able to fulfill MOP (Minimum Occupation Period) since all of you are located overseas.
The implication by not able to fulfill MOP are:
(1) You are not allowed to rent out the whole unit unless receive approval from HDB.
If you receive approval from HDB, the period you rent out your flat is not counted as MOP.
(2) You are not allowed to sell without approval from HDB.
Hope the above answer to 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
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
Hi,
Yes, you are eligible to purchase a HDB flat and pay for it in full CASH.
May I know what's your plan for the purchase? Are you aware that you will need to fulfill a 5-year MOP upon the purchase? This means that you will not be allowed to sell off the flat or rent it out (unless with special approval) within the first 5 years.
If your plan is to purchase and rent out the unit, I may have an alternative solution for you.
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.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Yes, you are eligible to purchase a HDB flat and pay for it in full CASH.
May I know what's your plan for the purchase? Are you aware that you will need to fulfill a 5-year MOP upon the purchase? This means that you will not be allowed to sell off the flat or rent it out (unless with special approval) within the first 5 years.
If your plan is to purchase and rent out the unit, I may have an alternative solution for you.
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.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Hi
The answer to your question is yes.
Have you considered buying a private property instead of HDB?
There may be various options depending on your needs and circumstances.
You may want to write to gavin.ng@orangetee.com to explore your alternative.
Regards
Gavin Read More
The answer to your question is yes.
Have you considered buying a private property instead of HDB?
There may be various options depending on your needs and circumstances.
You may want to write to gavin.ng@orangetee.com to explore your alternative.
Regards
Gavin Read More
Hi.
Yes you may buy a hdb , but do note the trade off such as you have to dispose all your other residential property locally and overseas . In addition you cannot rent out your hdb therefore no rental income.
Alternatively , you are NOT bounded by the above two mentioned restrictions , if you buy private property instead .
Kindly contact me hp 8333 3327 for a no obligations chat for your property needs.
NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.
Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327 Read More
Yes you may buy a hdb , but do note the trade off such as you have to dispose all your other residential property locally and overseas . In addition you cannot rent out your hdb therefore no rental income.
Alternatively , you are NOT bounded by the above two mentioned restrictions , if you buy private property instead .
Kindly contact me hp 8333 3327 for a no obligations chat for your property needs.
NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.
Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327 Read More
Hi
Yes if you're thinking to purchase HDB to rent out which you can only do so after 5 years, i may have a better proposal for you in terms of investment perspective. You don't need full cash payment either and the plus point is you are still holding Singapore Citizenship.
Do call/whatsapp me at 91776735 for me to explain to you further. Hope to hear from you. Thank you :)
Adeline Chong
91776735
ERA Realty Network Read More
Yes if you're thinking to purchase HDB to rent out which you can only do so after 5 years, i may have a better proposal for you in terms of investment perspective. You don't need full cash payment either and the plus point is you are still holding Singapore Citizenship.
Do call/whatsapp me at 91776735 for me to explain to you further. Hope to hear from you. Thank you :)
Adeline Chong
91776735
ERA Realty Network Read More
Good afternoon Sir/ Mdm,
Can check with you guys whether do you own any overseas residential property overseas? Perhaps yes?
Do take note that you are eligible to purchase a resale HDB with full cash but you will need to dispose off any private property be it in Singapore or overseas within 6 months from purchase completion date.
By the way, care to share the intention of purchasing a resale HDB for passive income?
If I have alternate plan for both of you, will you guys be keen to explore?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
Can check with you guys whether do you own any overseas residential property overseas? Perhaps yes?
Do take note that you are eligible to purchase a resale HDB with full cash but you will need to dispose off any private property be it in Singapore or overseas within 6 months from purchase completion date.
By the way, care to share the intention of purchasing a resale HDB for passive income?
If I have alternate plan for both of you, will you guys be keen to explore?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
YES
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
YES
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More