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We are both PR who own a HDB for more than 10 years.
I have the following questions to consult :
1) Can we buy a newly launch Condo? Must we give up our HDB upon buying the Condo?
2) If after buying the Condo, can we sell the condo before TOP ?
3) Understand we have to pay SSD ? SSD is wef from TOP right?
Thank you
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5 Answers

Evening Mr. Goh,

As SPR, you are eligible to purchase new launch condo. However, you will be required to sell off your HDB unit within 6 months from key collection.
Under current ruling, if you were to sell your unit within 4 years from purchase, you are liable for SSD, payable by cash.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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YT Tan (陈永达)
Good evening Goh,

Since both of you have fulfilled the MOP, you can go ahead and purchase a condo but do take note that you have to dispose off your current HDB within 6 months from TOP date/ key collection.

Yes of course you can subsale your unit but normally construction will take less than 4 years so most likely you will be subject to SSD and the effective date will be when you sign on the OTP/ S&P.

If you need any assistance in your property needs, feel free to contact me.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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