Property Views

[starlight1968sg]

TheAnswer:

starlight1968sg:

When is the rule \"get permission from HDB prior to buying a condo\" implemented?

It is to make sure everyone fulfill minimum occupation 5 years.. Cannot remember when started..

Oh, min occupation of 5yrs is ok.
Thanks.

[bb_ mom]

TheAnswer:

bb_ mom:

On paper. Won't translate to actual gain unless we sell. And where we stay...

Buy a second property for investment?

That's the plan. Get a 2-bedder and rent out first. Then when we old and kids all move out, we move to 2-bedder and we rent out current place. But with me being SAHM now plus high prices still, this is still a plan only.

[bb_ mom]

TheAnswer:

If u had kept your hdb and rented out, now your pocket overflowing liao..

Our combined salary at that time couldn't handle both. Otherwise, I would definitely have wantd to keep it. That unit was big! DH always fee cheated out of his gardening space. Lost his balcony and the common area outside our place cos we were a corner unit. But if don't move, we wouldn't be enjoying the faster capital growth.

[Ikid]

TheAnswer:

Now need to get approval.. Machiam HDB become my father.. Have to ask for permission.. Got permission liao then buy.. We got permission so buy lor..

May I ask why need HDB's approval when the MOP (ie. 5 years) is met?
Not automatic eligible? If HDB is fully paid and met MOP also need HDB's written approval?

[TheAnswer]

Ikid:

TheAnswer:

Now need to get approval.. Machiam HDB become my father.. Have to ask for permission.. Got permission liao then buy.. We got permission so buy lor..

May I ask why need HDB's approval when the MOP (ie. 5 years) is met?
Not automatic eligible? If HDB is fully paid and met MOP also need HDB's written approval?

Not automatic. Need written approval.

[Ikid]

TheAnswer:

Ikid:

[quote=\"TheAnswer\"]Now need to get approval.. Machiam HDB become my father.. Have to ask for permission.. Got permission liao then buy.. We got permission so buy lor..

May I ask why need HDB's approval when the MOP (ie. 5 years) is met?
Not automatic eligible? If HDB is fully paid and met MOP also need HDB's written approval?

Not automatic. Need written approval.[/quote]Hi hi, I have called HDB today to clarify, was advised, as long as flat owners are Singapore citizens, meet MOP, can go ahead to buy private housing, don't need written approval.

Unless flat owners did not meet MOP but want to buy, then need to write to HDB to appeal. I guess cases like if flat owner spotted one good investment but owned HDB for 4.5 years only, so cannot wait another 6 months to buy private then need to seek approval.

Can you share under what circumstances did you seek HDB's written approval?

[Ikid]

Can someone share your views, is it true private condo (99-years) will have a better capital gain as compared to a 99-year HDB flat?

[TheAnswer]

Ikid:

TheAnswer:

Not automatic. Need written approval.

Hi hi, I have called HDB today to clarify, was advised, as long as flat owners are Singapore citizens, meet M
OP, can go ahead to buy private housing, don't need written approval.

Unless flat owners did not meet MOP but want to buy, then need to write to HDB to appeal. I guess cases like if flat owner spotted one good investment but owned HDB for 4.5 years only, so cannot wait another 6 months to buy private then need to seek approval.

Can you share under what circumstances did you seek HDB's written approval?

I saw on HDB website need approval. Agent asked me to get approval from HDB in case. Our HDB already fully paid up. We did not write to appeal.

[sleepy]

I called hdb too. No need prior approval if SC and meet MOP

[TheAnswer]

Prefer to have black and white documents.