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...