facebookAm I allowed to own both a HDB Flat and a Private Condo as well? - Seedly

Anonymous

29 Feb 2020

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Property

Am I allowed to own both a HDB Flat and a Private Condo as well?

Can you own a HDB and another property in Singapore?

Discussion (7)

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If I'm not mistaken, these are the rules for Singaporean Citizens:

  • If you're a HDB owner and want to own a Private Condo, you can purchase one after the 5-year Minimum Occupation Period (MOP).

  • If you are a Private Condo owner and want to buy a HDB, you will need to sell any private properties that you own.

You can still own an EC provided you fulfill the rules laid out by HDB:

Link: https://www.hdb.gov.sg/cs/infoweb/residential/b... ​​​

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Andy Sim

29 Feb 2020

HR Professional at a Financial Institution

It's only possible if you are a Singapore citizen, stay in the your hdb for 5 years first (MOP) then you are allowed to buy a private condo.

If you own a private condo first, you'll have sell it within 6 months if you buy a hdb flat, so you cant do it this way.

Do note that you will be subjected to an additional buyer stamp duty which is an additional 12% of the price of the second property.​​​

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