Sage-Tips

Can I sell HDB myself?

Visit the HDB Resale Portal to submit your ‘Intent to Sell’. it’s best to familiarise yourself with the portal at this point as you would have to go back to this again at multiple points in the DIY process, whether it’s to submit important documents or make payments.

Can a Singaporean own more than one HDB?

Do note that you cannot own more than one HDB flat. If you purchase a second HDB flat, you must dispose of the first flat within 6 months of the second purchase.

Can private property owner buy resale HDB?

Yes you can purchase a resale HDB after selling off a private residential property, however if you are planning to purchase a BTO unit or direct from HDB, you will need to sit out a 30 months period before you are eligible.

Can 1 person have 2 HDB?

You are only allowed to own one HDB property at any one time. This includes other HDB properties such as executive condos (ECs).

Can you sell HDB without agent?

For HDB resale flats, the seller usually pays about two per cent in commission to the agent. When you sell your HDB flat without an agent, you will save on the two per cent commission. To get an idea of how much you can save, I took the average of the median prices for four-room HDB-flat in all the towns for Q3 2020.

Can you sell a house without an agent Singapore?

The short answer is: Yes, you are legally allowed to do so, although it will involve a lot of paperwork. If you are a Housing Board (HDB) flat owner, you should first check your eligibility to sell your unit. You must have lived in the flat for the Minimum Occupation Period.

Can you own 2 properties in Singapore?

Can I Buy 2 Properties in Singapore? Yes, so long you buy a private property first and are intending to purchase another private property. You’ll have to pay ABSD too. If you want to own an HDB flat and a condo, you have to buy the HDB flat first, and only buy the condo after you’ve fulfilled the HDB flat’s MOP.

Can I have 2 HDB under my name?

Unfortunately no, HDB deems both you and your spouse as a family nucleus hence both names need to be included to be eligible for the hdb resale purchase (ie. He has to sell away the private property). Alternatively, you can purchase a private property on your sole name.

How can I sell my private property in Singapore without an agent?

1. Set an asking price for your condo.
2. List your condo for sale.
3. Arrange viewings for interested buyers.
4. Engage the help of a conveyance lawyer.
5. Grant Option to Purchase (OTP) and secure 1\% booking fee.
6. Issue a Sales and Purchase Agreement and receive a 4\% Exercise Fee within 14 days of the OTP.

Can I buy overseas property if I own HDB?

If you own an HDB flat, you can buy overseas residential property only after you have fulfilled the Minimum Occupation Period (MOP), usually 5 years, on your HDB flat. If you wish to buy an overseas property, you will need to sell your HDB flat within 6 months of the purchase of your flat.

Can HDB be owned by one person?

As there is only 1 owner, the property cannot be under Joint Tenancy or Tenancy-in-Common. If you’re going for a HDB flat, the other party needs to be an essential occupier, and will be bounded by the MOP rule. After MOP is met, the occupier can proceed to purchase his/her first residential property.

How much does it cost to buy an HDB in Singapore?

With HDB resale prices starting at around S$300,000 for a 3-room flat, agent fees can cost S$3,000 or more. If you need to buy a larger flat, expect to pay double this amount. This can be a problem if you have limited cash savings.

Can a Singaporean own a private condo and HDB?

Only Singapore Citizens have the privilege of owning an HDB flat and private condo at the same time. But they still need to comply with the MOP before they are allowed to purchase private residential property.

What happens to your HDB when you buy a private property?

According to the HDB, even if they have fulfilled the MOP, PRs who own an HDB flat and their essential family members who occupy the unit must dispose of their HDB flat within six months of buying a completed or off-plan private residential property in Singapore.

Can I get an HDB If I own a house in Malaysia?

To be eligible for an HDB flat, it is an HDB requirement that “all applicants listed in the flat application do not own other property overseas or locally”. But it so happens that my fiancé owns a house in Malaysia. Given that his family lives in the house, it is impossible to sell it.