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Upgrading of HDB when you have a private property

I would like to check if regulations have any changes or not

As i have a 4 room HDB and fufilled the MOP requirements , I would like to check if I can upgrade to a resale 5 room or Executive Apartment without having to sell my private Property that i bought for investment a year back

Last i know was no.. I am not sure of regulations now
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4 Answers

Morning Mr. Tan,

Should you opt to upgrade your current HDB unit, you will be required to sell away your private property. There will be no debarment period as you are looking at 5 room flat.
However, this might not be an option as you will be liable for Seller stamp duty should you opt to sell your private property now.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Mr. Tan,

Unfortunately no, you have to sell both your 4-rm and condo if you wish to purchase another resale HDB. Since its only held for 1 year, it would be subjected to sellers stamp duty as well, which will not be favorable to you.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials) Read More
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Robbie Chen Chee Howe
Hi Mr Tan,

If you were to buy a 5RM or a EA resale flat, you will have to sign an undertaking to sell off both your 4RM flat and your private property within 6 months completion of your flat purchase.

Should you need any 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
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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

You cannot do an upgrade of HDB if you currently own an private condo.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare

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I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
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