Asked by Anonymous
Hi,
I am a recently converted SPR married to a SC and am looking to buy a HDB property, however I have an overseas property purchased in 2014 still under mortgage. As per rules, I understand
1. SC + SPR can go for BTO, but in that case the private property has to be disposed and 30 month waiting period applies
2. Resale BTO can be purchased with the 6 month grace period for disposing of the private property
I read that HDB allows for an appeal for holding on to the overseas property in case of extenuating financial circumstances. Can any of the gurus experienced in the appeal process please elaborate on this option?
Regards
I am a recently converted SPR married to a SC and am looking to buy a HDB property, however I have an overseas property purchased in 2014 still under mortgage. As per rules, I understand
1. SC + SPR can go for BTO, but in that case the private property has to be disposed and 30 month waiting period applies
2. Resale BTO can be purchased with the 6 month grace period for disposing of the private property
I read that HDB allows for an appeal for holding on to the overseas property in case of extenuating financial circumstances. Can any of the gurus experienced in the appeal process please elaborate on this option?
Regards
308 views
