Can HDB owners buy another private property? Yes you can!
Recently, I having discuss with my friends about this, "Can HDB owners buy another private property?"
Maybe you share with us, what is your opinion? or comment.
From: http://simplyjesme.blogspot.my/2015/07/can-hdb-owners-buy-another-private.html
Question:
Hearsay 1: You cannot buy a private property when you already have a HDB
This misconception seems to stem from 2 policies enforced by the Ministry of National Development (MND) as part of the cooling measures for the HDB market.
Answer:
The first policy dates back to 2010 national rally when it was announced that concurrent ownership of both HDB flats and private residential properties within the Minimum Occupation Period (MOP) is disallowed. Private property owners who bought a HDB will need to dispose their private property within 6 months. But the reverse is not true. What the news doesn’t emphasize is that MOP is only applicable to HDB and that if one has fulfilled HDB's MOP (set at 5 years currently), you can still buy a private property! Definitely no concurrent ownership within MOP.
The second policy in 2013, a move aimed to protect Singaporeans, dictates that Permanent Residents (PR) owning HDB must sell their flat if they purchased a private property in Singapore. Yeah, so dual ownership of HDB and private property is disallowed for PR only.
As long as you are a Singaporean, fulfilled your HDB’s MOP and have plenty of money, there is theoretically no limit to the number of private properties you can own.
Maybe you share with us, what is your opinion? or comment.
From: http://simplyjesme.blogspot.my/2015/07/can-hdb-owners-buy-another-private.html
Question:
Hearsay 1: You cannot buy a private property when you already have a HDB
This misconception seems to stem from 2 policies enforced by the Ministry of National Development (MND) as part of the cooling measures for the HDB market.
Answer:
The first policy dates back to 2010 national rally when it was announced that concurrent ownership of both HDB flats and private residential properties within the Minimum Occupation Period (MOP) is disallowed. Private property owners who bought a HDB will need to dispose their private property within 6 months. But the reverse is not true. What the news doesn’t emphasize is that MOP is only applicable to HDB and that if one has fulfilled HDB's MOP (set at 5 years currently), you can still buy a private property! Definitely no concurrent ownership within MOP.
The second policy in 2013, a move aimed to protect Singaporeans, dictates that Permanent Residents (PR) owning HDB must sell their flat if they purchased a private property in Singapore. Yeah, so dual ownership of HDB and private property is disallowed for PR only.
As long as you are a Singaporean, fulfilled your HDB’s MOP and have plenty of money, there is theoretically no limit to the number of private properties you can own.
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