Should I buy now or later?
- Thread starter ipoh-horfun
- Start date
Chocs
Well-Known Member
Re: Should I buy now or later?
Luboil...tt's why I asked Marcusrichard true anot ..
Hve heard 2 theories..yrs and the bro b4 yr post ...
There is really a new ruling .. Jus not sure wad's the details ..:chinese:
..actually can jus check from HDB...I lazy la...jus ask the experts here I tot..
But am back to square one...confused.com...:chinese:
Luboil;757089 said:
Luboil...tt's why I asked Marcusrichard true anot ..
Hve heard 2 theories..yrs and the bro b4 yr post ...
There is really a new ruling .. Jus not sure wad's the details ..:chinese:
..actually can jus check from HDB...I lazy la...jus ask the experts here I tot..
But am back to square one...confused.com...:chinese:
marcusrichard
Well-Known Member
Re: Should I buy now or later?
Q:
I own a non-subsidised flat, and I intend to buy a private property. Can I do so?
[ Hot Topics > Buying A Flat ]
A:
You can buy a private property if your HDB flat has met its Minimum Occupation Period (MOP). To find out the MOP for your flat, do check our website for fuller details.
Q:
Is there a limit of the number of private residential properties I can buy or invest in if I own a HDB flat?
[ Living in HDB Flats > Purchasing Private Properties ]
A:
No. Once you have fulfilled the minimum occupation period, you can buy as many private residential properties as you wish.
Q:
Do I have to tell HDB that I have bought a private property?
[ Living in HDB Flats > Purchasing Private Properties ]
A:
Once you have fulfilled the minimum occupation period, you can buy private residential property. You do not need to inform HDB about your purchase.
Q:
I am a private property owner. Can I still buy a resale flat?
[ Buying A Resale Flat > Buyers' Enquiries on > Ownership Of Other Properties ]
A:
Yes. If you are a private property owner, you can still buy a resale flat. You will have to dispose of the private property ownership within six months from the resale completion date. However, you will not be eligible for the CPF Housing Grant and HDB concessionary loan.
Resale Application Received Date MOP applicable
Before 5 March 2010
(includes owners owning their resale flat as at this date)
2½ years from effective date of resale if the owner takes a loan from HDB
1 year from the effective date of resale if:
i. the owner has not taken a loan from HDB; or
ii. he has taken a loan from the bank/financial institution to finance the purchase
5 March 2010 - 29 August 2010
3 years from effective date of resale, regardless of the type of loan taken by the owners or loan status
On or after 30 August 2010
5 years from effective date of resale, regardless of the type of loan taken by the owners or loan status
hope clears ur doubts chcos
no need sell after 5 yrs
any questns about property feel free to look for me
if got kopi with cho bu like u anytime!!
but dunt ask S2K along.....
or Kentonna or bobby or hitmee or robot or milk
Q:
I own a non-subsidised flat, and I intend to buy a private property. Can I do so?
[ Hot Topics > Buying A Flat ]
A:
You can buy a private property if your HDB flat has met its Minimum Occupation Period (MOP). To find out the MOP for your flat, do check our website for fuller details.
Q:
Is there a limit of the number of private residential properties I can buy or invest in if I own a HDB flat?
[ Living in HDB Flats > Purchasing Private Properties ]
A:
No. Once you have fulfilled the minimum occupation period, you can buy as many private residential properties as you wish.
Q:
Do I have to tell HDB that I have bought a private property?
[ Living in HDB Flats > Purchasing Private Properties ]
A:
Once you have fulfilled the minimum occupation period, you can buy private residential property. You do not need to inform HDB about your purchase.
Q:
I am a private property owner. Can I still buy a resale flat?
[ Buying A Resale Flat > Buyers' Enquiries on > Ownership Of Other Properties ]
A:
Yes. If you are a private property owner, you can still buy a resale flat. You will have to dispose of the private property ownership within six months from the resale completion date. However, you will not be eligible for the CPF Housing Grant and HDB concessionary loan.
Resale Application Received Date MOP applicable
Before 5 March 2010
(includes owners owning their resale flat as at this date)
2½ years from effective date of resale if the owner takes a loan from HDB
1 year from the effective date of resale if:
i. the owner has not taken a loan from HDB; or
ii. he has taken a loan from the bank/financial institution to finance the purchase
5 March 2010 - 29 August 2010
3 years from effective date of resale, regardless of the type of loan taken by the owners or loan status
On or after 30 August 2010
5 years from effective date of resale, regardless of the type of loan taken by the owners or loan status
hope clears ur doubts chcos
no need sell after 5 yrs
any questns about property feel free to look for me
if got kopi with cho bu like u anytime!!
but dunt ask S2K along.....
or Kentonna or bobby or hitmee or robot or milk
Re: Should I buy now or later?
I thought it came out tat one if buy after 30 aug 2010 have to sell their subsidies HDB if they wanna buy private...tats y I am not selling my subsidise HDB. I wanted to apply a new bto but was told by the hdb officer I got to sell my new bto flat if I wanna buy private condo after staying 5 yrs in the new bto if I manage to get..
If u own private property overseas then u cannot buy subsidize HDB...but after u buy subsidise HDB u can go buy overseas private condo..
I thought it came out tat one if buy after 30 aug 2010 have to sell their subsidies HDB if they wanna buy private...tats y I am not selling my subsidise HDB. I wanted to apply a new bto but was told by the hdb officer I got to sell my new bto flat if I wanna buy private condo after staying 5 yrs in the new bto if I manage to get..
If u own private property overseas then u cannot buy subsidize HDB...but after u buy subsidise HDB u can go buy overseas private condo..
Last edited by a moderator:
marcusrichard
Well-Known Member
Re: Should I buy now or later?
can buy
not all hdb is very clear on the rules also
keep changing till they themselves also blur
not of course u cant buy
u only max 1yr +
another 3 yrs + u can buy private
can buy
not all hdb is very clear on the rules also
keep changing till they themselves also blur
not of course u cant buy
u only max 1yr +
another 3 yrs + u can buy private
Chocs
Well-Known Member
Re: Should I buy now or later?
..hee..see ..ask expert easier...
..Marcus..had tot u call me buaya initially...
..hehe..last question from noob...say if hdb no loan..fully paid up type...still must fulfill MOP anot...or like wad i heard...1 yr will do...
..
tksss for kind advice...
marcusrichard;757411 said:
..hee..see ..ask expert easier...
..Marcus..had tot u call me buaya initially...
..hehe..last question from noob...say if hdb no loan..fully paid up type...still must fulfill MOP anot...or like wad i heard...1 yr will do...
..
tksss for kind advice...
franklkk
Well-Known Member
Re: Should I buy now or later?
Bro, need your expertise advice. The property now I am staying is under me & my wife name. Due to the new cooling measures implemented. Can I buy the next property under my name than buy another property using my wife name? All in all, both names got 2 properties under our name. Can it be done in this way?
Bro, need your expertise advice. The property now I am staying is under me & my wife name. Due to the new cooling measures implemented. Can I buy the next property under my name than buy another property using my wife name? All in all, both names got 2 properties under our name. Can it be done in this way?
toiletsiao
Well-Known Member
Re: Should I buy now or later?
if u have a grant from HDB u need to fulfil MOP of 5yrs before u can buy Private
From HDB to Private condominum .......... no need to sell HDB...
From Private Condominum to HDB... U need to sell your Private condominium.....
wt_know;767538 said:should be no problem if you are not living in a hdb that is purchased after aug 2011 (must sell if buy another property)
sporean won't kena ABSD for 2nd property
if u have a grant from HDB u need to fulfil MOP of 5yrs before u can buy Private
From HDB to Private condominum .......... no need to sell HDB...
From Private Condominum to HDB... U need to sell your Private condominium.....
toiletsiao
Well-Known Member
Re: Should I buy now or later?
Typically CPF grants are given in resale....If u took a grant its 5yrs MOP regardless ... U die die must fulfil 5yrs MOP before u can buy private residential property...
HDB InfoWEB: Minimum Occupation Period : Selling Your Flat
If u bought a resale flat without HDB grant after August 2010 its 5 yrs MOP standard liao ... anything else before the MOP varies depending on when u bought the resale flat.. previously MOP is only 1yr if u nv take CPF Loan or Housing grant..
If within MOP..u can buy commercial property though...as it is exluded...by HDB defintion of commerial property..it must be 100% commercial and not those downstairs shopping mall upstairs residential kind ie there should not be any residential component in the building...
i hope it clears some confusion in this thread
wt_know;767621 said:resale is 2 years MOP, 1st hand HDB is 5 years MOP
i tot even not fulfilling 5 years MOP, still can buy private, just that must continue to stay in HDB only. so, buy private for investment is ok, no ABSD somoremore
Typically CPF grants are given in resale....If u took a grant its 5yrs MOP regardless ... U die die must fulfil 5yrs MOP before u can buy private residential property...
HDB InfoWEB: Minimum Occupation Period : Selling Your Flat
If u bought a resale flat without HDB grant after August 2010 its 5 yrs MOP standard liao ... anything else before the MOP varies depending on when u bought the resale flat.. previously MOP is only 1yr if u nv take CPF Loan or Housing grant..
If within MOP..u can buy commercial property though...as it is exluded...by HDB defintion of commerial property..it must be 100% commercial and not those downstairs shopping mall upstairs residential kind ie there should not be any residential component in the building...
i hope it clears some confusion in this thread
toiletsiao
Well-Known Member
Re: Should I buy now or later?
u r welcomed
HDB rules is seriously confusing at times with many refinements especially in recent years...
wt_know;767658 said:
u r welcomed
HDB rules is seriously confusing at times with many refinements especially in recent years...
