Asked by Anonymous
Can I buy resale HDB if I want to hold on to my EC which has met MOP?
311 views
11 Answers
Hi,
In order to purchase a HDB, you will have to sell your existing property within 6 months of getting the HDB.
It can only be done the other way. Where your existing hdb have MOP and you buy another private property.
Thanks
Alan Sng
PropNex Read More
In order to purchase a HDB, you will have to sell your existing property within 6 months of getting the HDB.
It can only be done the other way. Where your existing hdb have MOP and you buy another private property.
Thanks
Alan Sng
PropNex Read More
Hi Sir/Mdm,
So sorry to inform you that you cannot hold on to your EC when you buy a resale HDB. In fact when you buy a HDB, you cannot hold any other residential properties at all regardless what residential type. Even overseas residential properties is also a no.
From your message, it does seem like you are looking to own more than one property which is really the right way to go in our sunny Singapore. In our group, we call this Asset Progression though Property Wealth Planning. There are indeed many ways to own multiple properties and we can also explore many other permutations.
May I suggest that we can meet up for a chat on this and I can further advise you on what are the different solutions for you. I can also share my own story with you as I am also currently 2 properties. Many people still feel that owning more than 1 property is almost impossible. but actually with the right planning, it is still very possible.
Maybe just to share a little on my partner and myself. We have been in this business for a while and we have served many clients over time. Many of them are now our friends and many have also left testimonials for us for our service rendered. Both of us have always believe that our property is probably the most expensive thing that we have bought in our lives and hence any agents handling the houses should really uphold the clients' interest in top priority. Thanks to the many kinds words from our clients, both of us have been interviewed by Council of Estate Agents (CEA) before and we have been featured in their newsletter for Great Client Service. Personally I also won the SAEA Best Client Service Silver Award before as well. We believe that we will definitely be able to provide some good advice to you and hopefully we will be able to provide the same level of client service to you and hopefully even better.
Looking forward to hear from you soon! Cheers!
Best Regards,
Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
Training Director (Navis Living Group)
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)
Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)
* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
* Featured in Propertyguru Magazine - https://goo.gl/cioyEu *
* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More
So sorry to inform you that you cannot hold on to your EC when you buy a resale HDB. In fact when you buy a HDB, you cannot hold any other residential properties at all regardless what residential type. Even overseas residential properties is also a no.
From your message, it does seem like you are looking to own more than one property which is really the right way to go in our sunny Singapore. In our group, we call this Asset Progression though Property Wealth Planning. There are indeed many ways to own multiple properties and we can also explore many other permutations.
May I suggest that we can meet up for a chat on this and I can further advise you on what are the different solutions for you. I can also share my own story with you as I am also currently 2 properties. Many people still feel that owning more than 1 property is almost impossible. but actually with the right planning, it is still very possible.
Maybe just to share a little on my partner and myself. We have been in this business for a while and we have served many clients over time. Many of them are now our friends and many have also left testimonials for us for our service rendered. Both of us have always believe that our property is probably the most expensive thing that we have bought in our lives and hence any agents handling the houses should really uphold the clients' interest in top priority. Thanks to the many kinds words from our clients, both of us have been interviewed by Council of Estate Agents (CEA) before and we have been featured in their newsletter for Great Client Service. Personally I also won the SAEA Best Client Service Silver Award before as well. We believe that we will definitely be able to provide some good advice to you and hopefully we will be able to provide the same level of client service to you and hopefully even better.
Looking forward to hear from you soon! Cheers!
Best Regards,
Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
Training Director (Navis Living Group)
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)
Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)
* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
* Featured in Propertyguru Magazine - https://goo.gl/cioyEu *
* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, in your case you can’t purchase a HDB while holding on the EC but you can purchase a private unit instead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi
You may text 9620 0827 for a casual chat. We help investor in buying investment property locally and overseas.
Gavin Read More
You may text 9620 0827 for a casual chat. We help investor in buying investment property locally and overseas.
Gavin Read More
Hi
MOP ECs are treated as private property from a regulation point of view. It is possible to hold on to both HDB and private property but this only applies to HDB owners where their house has MOP. For current private property owner, you need to dispose off your private property within 6 months once you purchased a HDB resale. Once your HDB resale has MOP, you may proceed to buy another private property. Do contact me at 93375051 for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
MOP ECs are treated as private property from a regulation point of view. It is possible to hold on to both HDB and private property but this only applies to HDB owners where their house has MOP. For current private property owner, you need to dispose off your private property within 6 months once you purchased a HDB resale. Once your HDB resale has MOP, you may proceed to buy another private property. Do contact me at 93375051 for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
Hi
MOP ECs are treated as private property from a regulation point of view. It is possible to hold on to both HDB and private property but this only applies to HDB owners where their house has MOP. For current private property owner, you need to dispose off your private property within 6 months once you purchased a HDB resale. Once your HDB resale has MOP, you may proceed to buy another private property. Do contact me at 93375051 for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
MOP ECs are treated as private property from a regulation point of view. It is possible to hold on to both HDB and private property but this only applies to HDB owners where their house has MOP. For current private property owner, you need to dispose off your private property within 6 months once you purchased a HDB resale. Once your HDB resale has MOP, you may proceed to buy another private property. Do contact me at 93375051 for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
Hi Do contact me at 97970200
to discuss more , I'm curious why you have this thought
Mark, your RIGHT choice
Propnex Read More
Mark, your RIGHT choice
Propnex Read More
Hi,
Unfortunately no, you have to sell away your EC within 6 months of key collection to the resale hdb purchase. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
Unfortunately no, you have to sell away your EC within 6 months of key collection to the resale hdb purchase. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
Dear Sir/Mdm,
Under the current HDB rules and regulations, you will not be able to do that as you are required to dispose off your EC within 6 months once you have purchase a HDB flat.
You may wish to consider to do a decoupling on your EC and purchase another private condo for investment. In this way, you will be able to own 2 properties concurrently.
Please feel free to contact me so that i can understand your situation and objections better and provide you with further assistance.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Under the current HDB rules and regulations, you will not be able to do that as you are required to dispose off your EC within 6 months once you have purchase a HDB flat.
You may wish to consider to do a decoupling on your EC and purchase another private condo for investment. In this way, you will be able to own 2 properties concurrently.
Please feel free to contact me so that i can understand your situation and objections better and provide you with further assistance.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Hi,
You are only allowed to hold the EC for 6 months, as you will be required to sell off the EC within 6 months upon the HDB flat purchase.
I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
You are only allowed to hold the EC for 6 months, as you will be required to sell off the EC within 6 months upon the HDB flat purchase.
I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Sorry cannot... and by the virture that you have such a thought suggests that you are planning something.
Why not work with a trusted realtor to meet your needs?
Opportunity strikes, but once!
The question is: do you know what is an opportunity, and can take action on it or not!
Please feel free to drop me a WhatsApp msg by entering this link into your browser:
bit.ly/askED
Sincerely,
Edvan Lee
ERA Division Director Read More
Why not work with a trusted realtor to meet your needs?
Opportunity strikes, but once!
The question is: do you know what is an opportunity, and can take action on it or not!
Please feel free to drop me a WhatsApp msg by entering this link into your browser:
bit.ly/askED
Sincerely,
Edvan Lee
ERA Division Director Read More