HDB Flat

[MadDog70]

Q1) If I stay in a subsidised HDB flat, am I able to purchase a resale flat? That means I will own 2 finally.

 

Q2) If I stay in a private property, can I purchase a resale flat?

[Sorrow]

Q1) If I stay in a subsidised HDB flat, am I able to purchase a resale flat? That means I will own 2 finally.

 

Q2) If I stay in a private property, can I purchase a resale flat?

 

Q1) Don't think so, as u need to form a family nucleus etc. (you and wifey, children or parents etc.), unless u transfer the name of your current flat over to another person (subject to HDB approval and T&C attached), but then again, u still need to form a family nucleus for the 2nd resale flat.

 

Q2) Yes u can purchase a resale flat if u stay private property, but u will not be eligible for HDB loan and the minimum occupation period (MOP) has been raised to 3 yrs. Previously bank loans, ppl can stay for 1 yr before selling.

 

Hope it helps.

Edited March 31, 2010 by Sorrow

[Ultramega]

Nobody can own more than 1 HDB flat.

[MadDog70]

Can bro for the answers (hmm, can't seem to find this in HDB info web).

[Stanong11]

1. No, you can't owned 2 flats. But yes, you can still buy, however, you have to sell your flat or relinquish your share (if you are a joint-owner) within 6 months from the date you take possession of the resale flat. (On condition the MOP is fulfilled)

 

2. Flat owners and occupiers are allowed to invest in private properties (both local and overseas). However, they must meet certain eligibility conditions before they do so.

 

Flats Bought Directly from HDB/ Open Market with CPF Housing Grant

 

The eligibility conditions are as follows:

 

a. The flat owners must satisfy the required occupation period for their flats before acquiring private property

i. If fulfilled, they do not need to seek HDB's prior written consent before acquiring private properties

 

b. The flat owners must continue to stay in their HDB flats after acquiring private properties

i. However, exception is made for those who have obtained prior approval from HDB to sublet their flats under the

 

Subletting of Flat policy

 

Flats Bought from the Open Market without CPF Housing Grant

 

There is no need to satisfy the required occupation period for the flat before acquiring private property. However, flat owners must continue to stay in their HDB flats after acquiring the private properties.

 

Exception is made for those who have obtained prior approval from HDB to sublet their flats under the Subletting of Flat policy.

Last Updated on 19 Jan 2010

[Busybody]

yeah agree. the HDB website seems to contain alot of information, but is in fact is not very informative.

[MadDog70]

Agree, not informative at all.

If it is, then I do not need to ask here liao.

 

HDB infoweb needs to improve.

[Blackyv]

Agree, not informative at all.

If it is, then I do not need to ask here liao.

 

HDB infoweb needs to improve.

 

 

what more u need to know from hdb infoweb??... it's job is to tell u hdb is still affordable with their sample calculation.....

[Joseph22]

Agree, not informative at all.

If it is, then I do not need to ask here liao.

 

HDB infoweb needs to improve.

 

Not just that... their DIY workship is also super blur one. will make you even more confuse unless you have the patient to bring home the material to discover yourself.

[Chewbacca]

If this has not been answered yet:

 

You're getting first hand information:

 

1

No, you cannot own two flats at any one time. Doesn't matter if it's a new build/resale/etc etc. Never, ever.

 

You can, however, own 1 flat + infinite private property. Limit is your wallet.

 

2

Yes. You can purchase resale if you own a private. But no subsidy whatsoever.

[Joseph22]

If this has not been answered yet:

 

You're getting first hand information:

 

1

No, you cannot own two flats at any one time. Doesn't matter if it's a new build/resale/etc etc. Never, ever.

 

You can, however, own 1 flat + infinite private property. Limit is your wallet.

 

2

Yes. You can purchase resale if you own a private. But no subsidy whatsoever.

 

already answer in post 5

 

http://www.mycarforum.com/index.php?showto...t&p=3104308

 

 

[Sporty]

What if I sell my pte property and buy a resale HDB, is there any Minimum Occupation Period before I can buy another pte property again?

[Stanong11]

No, already answered in my point 2. Unless you applied for Cpf grant.

[Windchoco]

Hi, anyone can advise on the t&cs of taking gov grant when u buy a new flat (BTO) ?

 

if take grant, what is the catch in the future ? Pay back when u sell ?

[Stanong11]

When you applied Bto, you are already getting a subsidized flat, therefore you are not eligible for grants. Grants are for those who are getting resale flats. Hope I've answered your queries.

 

 

 

The CPF Housing Grant is a housing subsidy to assist married Singapore citizens who are buying a resale flat from the open market for the first time. The grant can be used for the initial down payment to reduce the housing loan quantum.

Edited April 7, 2010 by Stanong11

[Joseph22]

What if I sell my pte property and buy a resale HDB, is there any Minimum Occupation Period before I can buy another pte property again?

 

to buy pte again. dont need. as long as got money can liao. unless you want to sell your hdb then 3 years.

 

restriction is only if you want to buy hdb with grant or governement loan.

[Joseph22]

Hi, anyone can advise on the t&cs of taking gov grant when u buy a new flat (BTO) ?

 

if take grant, what is the catch in the future ? Pay back when u sell ?

no grant for BTO. flat already subsidize.

 

another catch is this. if you are not getting from governement another subsidized flat again. no penalty if yes. you have to pay back base on what size flat you gotten.

[Fit44]

I'm staying in a private condo now. If I buy a resale flat now, must I stay in HDB resale flat and change my residential address to HDB flat or I can still stay in my private condo and maintain my present residential address and leave my HDB flat vacant?