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Disposal of Existing Private Residential Property After Purchase of Non-Subsidised Flat PDF Print E-mail
Written by Wilfred Ling   
Monday, 30 August 2010

There have been a significant number of changes to HDB rules. Of significant is that individual who purchase a non-subsidised HDB flat has 6 months to dispose existing private residential property. The summary of changes can be found on this webpage: HERE

HDB has many rules. It is important to under them. I always advice my clients not to treat HDB asn an investment. Buy a HDB flat because of need and not for investment purpose. There appears to be changes to HDB rules every few years. Related article: Cash-Over-Valuation for HDB

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Anonymous   |220.255.7.243 |2010-08-30 04:58:42
I actually have a very super-rational colleague who "invests" in HDB flats. But 99% of Singaporeans will not be able to emulate his "investing style". Firstly he & his wife swore never to have children, and they are damn thrifty so their cashflow is pretty healthy. Secondly they are able to stay with parents or in-laws --- no problem for them or the old folks.

When they got married in 2001, the economy was in the dumps and they knew housing prices will drop further. So they simply stayed with parents until early 2004 when they bought a Toa Payoh flat for about $270K. After staying for the mandatory 5 yrs, they moved back to parents' flat and rented out their Toa Payoh flat beginning 2009. And they recently sold this flat for over $500K. Now my colleague is non-chalently staying with parents and waiting for the next property downturn to buy another resale HDB.

Of course they give plenty of allowances to parents and pay for electricity and conservancy bills in exchange for tongpanging their flats.
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