Hi,
If you are referring to the HDB SERS program, you can refer to this under
2.8 Owning or having an interest in another property (in Singapore or overseas):
https://www.hdb.gov.sg/cs/infoweb/application-to-buy-a-replacement-hdb-flat-under-the-selective-en-bloc-redevelopment-scheme/general-conditions-for-buying-a-replacement-hdb-flat-under-sers
I quote
"If you, your occupiers, your or their husbands or wives own another property (local or overseas)* on the SERS announcement date, you may keep the property. However, you, your occupiers and your and their husbands and wives must live in the replacement flat after the completion date."
ie. You will need to stay in the replacement flat and fulfil the 5 year MOP stay period before you can rent out the replacement flat as a whole unit or be eligible to sell it.
Hope this clarifies. May I know which condo you are looking at? 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 11 Achiever in June 2020 (Top 1% Company Level)
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