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Inheritance and Legacy Planning

Asked by Chua 7 Sep 2011

I have my direct HDB flat for 3.5years. Can I purchased a overseas property when I fulfil the 5 years period?

AN OTHER QUESTION IS :
If I had a open market HDB flat and own it for 3.5 years, can I purchased a overseas property if I had not fulfil the 5 years grace period?

Please advise.

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4 Answers

Previously Asked Questions

Mike Lim · Answer 1 · 2011-09-07T23:41:05+08:00

Mike Lim

Replied 7 Sep 2011

Evening Chua,

The answers to your first enquiry is NO. New HDB flat owner must fulfill MOP of 5 year, before you are eligible to purchase second property.
As for your second question, it would depends on your time of purchase. If you had purchase it before 5th March 2010, with Bank loan, your MOP would be 1 year. Between 5th Mar to 29 Aug 2010, MOP is 3 years.

FYI
Mike Lim
96929209
ERA Read More

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Mike Lim · Answer 2 · 2011-09-07T23:41:10+08:00

Mike Lim

Replied 7 Sep 2011

Evening Chua,

The answers to your first enquiry is NO. New HDB flat owner must fulfill MOP of 5 year, before you are eligible to purchase second property.
As for your second question, it would depends on your time of purchase. If you had purchase it before 5th March 2010, with Bank loan, your MOP would be 1 year. Between 5th Mar to 29 Aug 2010, MOP is 3 years.

FYI
Mike Lim
96929209
ERA Read More

1

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Mike Lim · Answer 3 · 2011-09-07T23:41:23+08:00

Mike Lim

Replied 7 Sep 2011

Evening Chua,

The answers to your first enquiry is NO. New HDB flat owner must fulfill MOP of 5 year, before you are eligible to purchase second property.
As for your second question, it would depends on your time of purchase. If you had purchase it before 5th March 2010, with Bank loan, your MOP would be 1 year. Between 5th Mar to 29 Aug 2010, MOP is 3 years.

FYI
Mike Lim
96929209
ERA Read More