Asked by
Dear all

I just bought a resale HDB FLAT with grant. Can I also buy a condo now? Is there any restriction on the minimum occupancy period? Or loan amount?

I purchased this flat recently as a single. My loan is from HDB

Thank you for your advice
0
1356 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Craymond Ching 陈奕充
Yes , there is a restriction . You will not be able to purchase any Pte residential properties. The current MOP is 5 years as of 31/08/2010.

If you have not fulfilled the minimum occupation period, you can only invest in: 

pure commercial properties
pure industry properties
vacant land not zoned for residential development
You cannot invest in any type of property that is classified as residential or has residential accommodation. 

If you have more queries please do call me for a discussion .

Regards
Craymond Ching ( ERA )
Hp 9766 2000  Read More
0
Afternoon Simon,

By your statement, you have purchased a subsidized resale unit under the current new ruling. MOP of 5 years applies and you are not eligible to purchase your second property, locally or overseas, before this requirement have being fulfilled.

FYI.
Mike Lim
 96929209 
ERA Read More
0
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

Welcome owner/Landlord to list through us

Questions ..
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Regards

Koh Z H
hp- 8 2 7 9 8 3 2 7
Cea Reg - License Number - R 0 5 7 8 1 0 C
Orangetee - L 3 0 0 9 2 5 0 K
AAG

All welcome Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions