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

[looneytan]

Re: Sengkang Or Punggol ?

Usually the closer to the city centre the more expensive it gets.

Wise words indeed

really qualified to be under _ "A wise man once said ....."

 

[Fook Seng]

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

Not easy to do. Don't mean the renting out but buying the condo as well as the HDB. If condo is outside of Singapore, easier to do.

 

[kukubird58]

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.

hahaha,,,,wrong, you can own a HDB flat and buy any private properties...
Even if u do not own any private property, u are not allowed to sublet your entire flat unless for special reason on a case by case basis.

 

[I_Hate_Pappies]

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.

As per current regulation, you can't buy a HDB when you own a Condo whereas you can buy a private property if you own a HDB.

 

[Fook Seng]

hahaha,,,,wrong, you can own a HDB flat and buy any private properties...
Even if u do not own any private property, u are not allowed to sublet your entire flat unless for special reason on a case by case basis.

I believe you have to let go of one or the other within six months?

 

[kukubird58]

I believe you have to let go of one or the other within six months?

hahaha.....u can Owner stay in a hdb flat without any restriction and own private properties at the same time......the English should be simple for u to understand..
But if you chose to stay in a private property, then u have to sell your HDB flat within the grace period unless there is special reason on a case by case basis.

 

[Conqueror]

My Taxi Uncle Was Doing This

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.

One of my uncles is doing this (not condo, but stay in another HDB flat with his married son). I think you need to ask HDB just to make sure you are able to do it without stepping on any landmines. Need clearance of 5 years. Now, he needs to wait for another two years.

Quite confusing.

 

[Conqueror]

As per current regulation, you can't buy a HDB when you own a Condo whereas you can buy a private property if you own a HDB.

Yah, something like that. For you to upgrade by buying a condo as an investment or biz, then yes. But, for condo owners to take advantage of limited and high demand for HDB flats is probably a no. HDB is built for dwelling, not investment. Not enough hdb to go around as investment tool. If you want investment buy straight from private property developers.

Every now and then, better check the status of the policy again.

 

[(o)(o)]

Thanks. I've stayed in my HDB flat for about 8 years. I now intend to buy a condo and live in that condo. But I don't want to sell away my HDB flat since the rental value is quite high. Don't know whether I can lease out my HDB flat or not.

 

[johnny333]

I was curious, eventually I plan to move out of Spore & thinking of getting a cheap local address i.e. HDB: for storage, rental income, to be able to vote out the PAP, ...etc

If I stay in JB will the rules permit me to rent out the HDB unit

 

[halsey02]

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

You are right, anything to do with HDB, best check with them first, for they change their rules faster than you take down your underwear.

 

[shittypore]

You are right, anything to do with HDB, best check with them first, for they change their rules faster than you take down your underwear.

Pappies Number One Rule is never allow Sinkies to get Rich from owning a HDB, end of story.

 

[halsey02]

Pappies Number One Rule is never allow Sinkies to get Rich from owning a HDB, end of story.

Then all those ASSESts Enhancement crap of, was $90,000 not sold for $900,000, all hogwash?

 

[johnny333]

You are right, anything to do with HDB, best check with them first, for they change their rules faster than you take down your underwear.

Unless of course you are THE old man

 

[blissquek]

As per current regulation, you can't buy a HDB when you own a Condo whereas you can buy a private property if you own a HDB.

Yes u can..Yes u can

Yes u can, if anything u do brings more money for the MIW....( they gouge u whenever possible and give u the most leegitimate reasons)

1) buy a private pty whilst owning a HDB..yes pay me the 7% for the second property.

2.) sell your property when u want to realise your profit..Share the capital gain with me if u make that fast buck..pay me 16% in the first
year (ASSD)

3) Gambling is bad..but it is ok if u pay me the $100 to do so..

4) Road congested...Pay me the money to make it more congested..Pay me the ERP so the roads can stay congested.

So,on the above few examples, u see they can leegalise their reasoning with money.

In short. MONEY TALKS.:*:

 

[nycheong]

Thanks. I've stayed in my HDB flat for about 8 years. I now intend to buy a condo and live in that condo. But I don't want to sell away my HDB flat since the rental value is quite high. Don't know whether I can lease out my HDB flat or not.

U hv to fully paid for your hdb flat b4 can take another loan to buy private condo. Same apply

 

[shittypore]

CPF, Medi-save, Retirement fund and wat not bullshit thrown to Sinkies
just to enrich the Elites, the next Generation better wake up!

 

[Tommyboy]

I believe HDB will be changing policy soon for dual ownerships for both having private residential and HDB ownership as well. Currently, owners of HDB after residing for 5 years can purchase private residential properties, but the other way round (Private residential owners cannot buy re-sale or new HDB only after selling their property with 30 months period). As listed in the straits Times last month comment by some senior civil servant, that the policies must be fair and balance and for an average citizen and not to enrich for rental benefits.

 

[I_Hate_Pappies]

I believe HDB will be changing policy soon for dual ownerships for both having private residential and HDB ownership as well. Currently, owners of HDB after residing for 5 years can purchase private residential properties, but the other way round (Private residential owners cannot buy re-sale or new HDB only after selling their property with 30 months period). As listed in the straits Times last month comment by some senior civil servant, that the policies must be fair and balance and for an average citizen and not to enrich for rental benefits.

You are saying that they may disallow HDB owners to buy Private Ppties? Quite unlikely, as they are currently charging them additional 7% ABSD. It's a cash cow for the Gabernment.