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We are both SPR ( Malaysians) have bought a home overseas and the signed SNP. However currently we are planning to get a resale HDB, according to current rule, we have to dispose our overseas property. As the property is still under construction and would be TOP after 2 years, is it still considered as owning property as there is no strata title. Should we dispose the property now before buying hdb ? Or only do the transfer when the strata title has been issued after we buy the hdb. Any experienced agent in this matter would be greatly appreciated.
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5 Answers

YT Tan (陈永达)
Good afternoon buyer,

You can purchase a resale flat right now, just need to dispose off your interest in overseas property within 6 months from completion date will do.

If you want to hold on to it or sell it after it TOP, i will advise you to appeal first before committing to any purchase. The approval will be based on a case by case basis.

Btw do take note that both of you must be SPRs for at least 3 years respectively in order to be eligible to purchase a resale HDB.

Hope my sharing is beneficial to your property purchase.

Wish I can continue to value add in your purchase.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
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Hi buyer,

It doesn't matter whether the property is completed or not, after signing the S&P, you're considered to have an interest in the property, and have to dispose of it within 6 months of buying a resale HDB. This applies to uncompleted Singapore or overseas properties all the same.

Feel free to contact me at your convenience for further discussion and planning.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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Evening,

As long as the S&P have being inked, you are considered as in possession of private residential property. Depending on the property market movement of the country where it resides, you might have to sell first before buying a resale unit.

Do contact me further should you require assistance on the purchase.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,

1. You will be required to dispose off your overseas properties within 6 months of the completion of the purchase of your resale flat. Alternatively, you may wish to transfer the ownership of this property to your family members or relatives as the chances of an approved appeal is quite slim.

2. Have both of you satisfied the 3 years requirement of PRship before you are eligible to purchase a HDB? I will be more than happy to assist you to draft up a comprehensive financial plan and assist you in the purchase.

Please feel free to contact me at 9644 4854  to discuss further!

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GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred Experienced SG Professional

Now is the buyer market, will recommend to sell the overseas property first. If not, you will be classified under fire sale to sell within 6 months.

Sell first then buy will be my recommendation.
Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
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