Can I live in my condo and rent out my HDB?

[(o)(o)]

Thinking of buying a condo now, but I plan to keep my HDB flat. Can I live in my Condo and lease out my HDB flat?

 

[Fishypie]

Can, but after your min 5 year's stay (0)(0)
(y)

 

[Conqueror]

Rent It Out To FTs ?

Can, but after your min 5 year's stay (0)(0)
(y)

Is it good to rent out to Indo, PRCs and Pinoys who will come here to work and study ?

Let's say there's a fire in the kitchen, then who shall pay for the damage ?

 

[eErotica69]

Re: Rent It Out To FTs ?

Is it good to rent out to Indo, PRCs and Pinoys who will come here to work and study ?

Let's say there's a fire in the kitchen, then who shall pay for the damage ?

The insurer! Every HDB must buy fire insurance!

If really worried, then buy home content insurance too.

 

[Fishypie]

If you have this: (y); anything goes..
But certainLy not with this: ( ww ) ..

 

[GOD IS MY DOG]

Thinking of buying a condo now, but I plan to keep my HDB flat. Can I live in my Condo and lease out my HDB flat?

global financial crisis is round the corner and you wanna buy condo ?!

when prices fall by 50% if not more............decreasing rental will not cover the loss...............

 

[Conqueror]

Sengkang Or Punggol ?

The insurer! Every HDB must buy fire insurance!

If really worried, then buy home content insurance too.

Many Sinkies have made their ways to a new estate called Punggol. So, it was heralded as the Punggol21 thing. The biggest thought I have is that people are saying that it is cheaper than those NEW flats in Queenstown and Clementi. I guess AMK and TPY new gen flats aren't cheap too.

What's wrong with Punggol ? Is Sengkang better than Punggol ?

 

[Extremist]

Thinking of buying a condo now, but I plan to keep my HDB flat. Can I live in my Condo and lease out my HDB flat?

Why do you want to buy at the peak? Wait till 2016 when PAP get booted out then buy.

 

[peppertail]

Re: Sengkang Or Punggol ?

Many Sinkies have made their ways to a new estate called Punggol. So, it was heralded as the Punggol21 thing. The biggest thought I have is that people are saying that it is cheaper than those NEW flats in Queenstown and Clementi. I guess AMK and TPY new gen flats aren't cheap too.

What's wrong with Punggol ? Is Sengkang better than Punggol ?

Location is everything. Usually the closer to the city centre the more expensive it gets. What is better really depends on your priorities.

 

[Conqueror]

Money Money Money

global financial crisis is round the corner and you wanna buy condo ?!

when prices fall by 50% if not more............decreasing rental will not cover the loss...............

Will the poorer and cheaper labourers come to Sinkiesland instead of FTs ? If that is so, then it is still okay to rent HDB flats out. However, you may have a harder time renting your condos out for profits since there aren't many companies hiring FTs and FTs have to go home.

Got money, got talk.

 

[Conqueror]

Nice Place

Location is everything. Usually the closer to the city centre the more expensive it gets. What is better really depends on your priorities.

There are a few complaints regarding Punggol as well as Sengkang - F15 Eagles roaring in the sky, far away from basic amenities and the water pollution worry.

The mature or older estates are more stable but they lack the freshness. I visited Punggol five years ago, and I was impressed with the modern design of those flats. You don't feel that you are in Sinkiesland because of the old impression of ghetto type HDB flats of yesteryears. They looked like condos without walls and sentry posts.

 

[Conqueror]

If you have this: (y); anything goes..
But certainLy not with this: ( ww ) ..

This one (y) is a shapely and sexy young gal with nice hips. But, what is the other one ?

 

[Fishypie]

This one (y) is a shapely and sexy young gal with nice hips. But, what is the other one ?

Mr Gay's backside Lo..

 

[Cestbon]

Can rent out many doing so.

 

[LeMans2011]

I dont understand why people come to this forum asking stupid questions, for answers which can easily be googled. OF COURSE YOU CANNOT.

 

[Fook Seng]

Yes. Cannot. New rules.

 

[johnny333]

For answers you should rally talk to someone at HDB because they keep changing the rules.

 

[Conqueror]

Hdb

Yes. Cannot. New rules.

Eligibility Conditions: Flat Owners

Citizenship
Flat owners who wish to sublet their flat must be a Singapore Citizen (SC). Singapore Permanent Resident (SPR) flat owners are not allowed to sublet their flat.

Minimum Occupation Period
SC flat owners who wish to sublet their flat must meet a 3 or 5-year Minimum Occupation Period (MOP) as follows:

3 years

• Non-subsidised flat (flat purchased from the open market without a CPF housing grant) and the application to buy the flat was received by HDB before 30 Aug 2010.

5 years

• Non-subsidised flat (flat purchased from the open market without a CPF housing grant) and the application to buy the flat was received by HDB on or after 30 Aug 2010.
• Subsidised flat (flat purchased directly from HDB or from the open market with a CPF housing grant)

 

[Fook Seng]

Eligibility Conditions: Flat Owners

Citizenship
Flat owners who wish to sublet their flat must be a Singapore Citizen (SC). Singapore Permanent Resident (SPR) flat owners are not allowed to sublet their flat.

Minimum Occupation Period
SC flat owners who wish to sublet their flat must meet a 3 or 5-year Minimum Occupation Period (MOP) as follows:

3 years............
5 years............

The question was buy another condo and stay in it and rent out the HDB flat. You cannot buy a condo while owning a HDB flat.

 

[Narong Wongwan]

SAF COC 7
Do what you want but dun get caught.