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Your assistance is greatly appreciated. If I bought a private property now but its still under construction, ETA TOP 2015, and I were to sell it within 6 months of completion. would i still be eligible for a HDB application in 2015?
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2 Answers

William Koh
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Hi,

Please do note that you are require to sell off your private property within 6 months upon purchase of a HDB flat.

If you intend to buy a new HDB flat, then you are require to wait for 30 months after selling off your private property, before you are allow to buy a new HDB flat.

Hope that I have cleared your doubts.

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Mike Lim
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Morning,

You are to be aware of a few issues:

If you were to purchase any private property and sell it off within 4 years from date of S&P, you will be liable for SSD.
If you are to apply for subisdized HDB unit, you need to wait for 30 months before you are eligible for the purchase.

Hence with these facts at hand, I believe the issues are clear, unless you don't mind paying for 12% or 8% SSD and buying resale HDB unit.

Regards
Mike Lim
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