AskGuru Q&A Community

Hello Mr Goh

Good day to you!

1) Yes you can buy a newly launch condo, however you have to dispose your current HDB apartment with in 6 months after you purchase the condo.

According to the HDB website:
Singapore Permanent Resident flat owners and/or essential family members who have met the minimum occupation period for their flat are required to notify HDB of their purchase of the local private residential property before they exercise the Option-To-Purchase (OTP) for the property. They would also be required to undertake to sell their HDB flat within 6 months of acquisition of a completed or uncompleted local private residential property.

2) Yes you can sell the condo unit before TOP, however subjected to SSD. The amount depends on the date you bought the condo unit.

3) SSD calculation for private property starts from the date of purchase of the property (either exercised the Option to Purchase or the date that the Sale and Purchase Agreement is signed, whichever is earlier).

Hopes this helps you with your queries. Please do not hesitate to contact me if you have other questions.

Please feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd

+65 9477 5100 
daniel.tck@outlook.com Read More

Evening Mr. Goh,

As SPR, you are eligible to purchase new launch condo. However, you will be required to sell off your HDB unit within 6 months from key collection.
Under current ruling, if you were to sell your unit within 4 years from purchase, you are liable for SSD, payable by cash.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Good evening Goh,

Since both of you have fulfilled the MOP, you can go ahead and purchase a condo but do take note that you have to dispose off your current HDB within 6 months from TOP date/ key collection.

Yes of course you can subsale your unit but normally construction will take less than 4 years so most likely you will be subject to SSD and the effective date will be when you sign on the OTP/ S&P.

If you need any assistance in your property needs, feel free to contact me.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

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Owners / landlords need property agent in sg ( agt ) to rent out or sale of your property
please contact handphone whatspp text to 8279 8327 

Xu zhen feng
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Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
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