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Hi,

Yes you are required to dispose it upon purchasing a HDB flat.

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

Hi

You will need to dispose of the private property within 6 months after acquiring a resale HDB.

We have assisted numerous SPRs in buying their resale flat. You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Hi Mdm,

Yes, your Husband will have to dispose off all interest in private properties (local and overseas) latest within 6 months upon the HDB resale flat purchase.

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

Hi,

1) All buyers who intend to buy an HDB flat must not own/keep any private property (local & overseas) after purchase.
2) You will have to sign an undertaking to dispose of any private property (local & overseas) within 6 months upon key collection of the HDB flat.
3) You will be allowed to keep this overseas property when you are buying a private property. There are no restrictions on property holding for private property.
4) The IRAS only counts the residential property you are holding in Singapore when coming to ABSD (Additional Buyer Stamp Duty) assessment. Therefore the rate of ABSD will not increase because of owning an overseas property.

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