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eileenlim
24th January 2008, 12:54 PM
Hi folks,

Would like to check with you guys, I read thru the HDB website and understand that it's ok for a person to buy resale flat while holding pte property.
But the person won't be eligible for the HDB concessionary loan right?


Apart from resale, can one buy new flats while holding pte property?

Thanks in advance for all your guidance

honeyjustgotfunny
25th January 2008, 10:54 AM
Hi Evel,

i think its true. You are allowed to purchase as many properties as long as you have enough $ to pay for the monthly installment. But for the HDB loan, I think there are some eligibility condition.

Click below for
Eligibility of HDB Concessionary Loan (http://http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Financing%20Your%20Home%20(e-Financing)HDB%20Housing%20Loan%20-%20Who%20Can%20Apply?OpenDocument&SubMenu=HDB_Housing_Loan)

hope this helps!

happylalapo
20th July 2008, 05:16 PM
Hi folks,

Would like to check with you guys, I read thru the HDB website and understand that it's ok for a person to buy resale flat while holding pte property.
But the person won't be eligible for the HDB concessionary loan right?


Apart from resale, can one buy new flats while holding pte property?

Thanks in advance for all your guidance

No, one cannot buy a brand new HDB flat direct from HDB if one owns a private property.

unless one sold his private property for more than 30 months and is fully eligible base on elegibility requirement like income ceiling, nuclear family... etc.

happylalapo
20th July 2008, 05:19 PM
Hi Evel,

i think its true. You are allowed to purchase as many properties as long as you have enough $ to pay for the monthly installment. But for the HDB loan, I think there are some eligibility condition.

Click below for
Eligibility of HDB Concessionary Loan (http://http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Financing%20Your%20Home%20(e-Financing)HDB%20Housing%20Loan%20-%20Who%20Can%20Apply?OpenDocument&SubMenu=HDB_Housing_Loan)

hope this helps!
hey, you are wrong in saying that one can own as many unless you are referring to private property.

HDB one can only own 1 at a time. resale there is no income ceiling unless you are applying for HDB loan, else you will need to apply for private loan.