AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
A simple question and yet get a few different answer, I now own a HDB flat (new flat from HDB), stay more than 5 years. If I were to buy a condo, do I have to sell the existing HDB flat? appreciate the answer :)
0 •
678 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Geryl Lim
Replied
If you are buying a private condo, you do not need to sell your existing HDB since you should have already fulfilled your Minimum Occupation Period.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
0
Upvote Upvoted
Mike Lim
Replied
Afternoon Mark,

Under the HDB regulation, since you have fulfilled your MOP, you can purchase a private property, without having to sell your HDB unit.
But do take note that you may only be granted 60% loan, if your HDB is still under mortgage.

FYI
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions