Sage-Tips

Can own HDB and EC at the same time?

You can own a HDB and still buy an EC or HDB as long as you dispose of the it within 6 months of possession of the new unit though.

Can we rent out EC?

Can you rent out your EC? You cannot rent out the EC during the minimum occupation period (MOP) of the first five years. You can, however, rent out rooms within the EC during this period.

Can I rent a HDB if I own a HDB?

Tenants must not be tenants of public rental HDB flats or owners of other HDB flats unless they are: Divorced/ legally separated. In this case, only 1 party can rent a HDB flat from another flat owner. However, they must rent out their own flat within a month after they have rented an HDB flat from another flat owner.

Can I inherit private property if I own a HDB?

In short, yes. You can inherit it, but you would have to sell your interest in one of the two HDBs. This is because anyone can own only one HDB flat at a time. You are considered an owner of an HDB flat whether you have full or partial ownership in the HDB.

Can I buy HDB if I own EC?

Yes, you will be able to purchase a HDB resale flat once you fulfill the MOP for your EC. However, do take note that you will be required to sell off your EC latest 6 months upon the purchase of your HDB flat.

Can I downgrade from EC to HDB?

Can I Downgrade From a Condo to an HDB Flat? Yes, you can. However, you would need to wait at least 30 months after selling your condo if you want to buy a new HDB flat, get an HDB loan, or CPF Housing Grants.

Can I buy private property if I own HDB?

During the MOP of the flat, the flat owner, his/her spouse and occupiers are not allowed to acquire private residential property. Acquiring private residential property to hold on trust for another person is also not allowed.

Can a single PR buy EC?

A single PR can buy a resale EC or an HDB flat subject to conditions. You can buy a resale EC after the 5-year Minimum Occupation Period (MOP) from the 6th to 10th year. A single PR can buy a resale EC, as resale EC upon completion of MOP is considered as a private property to SC & SPR.

Can I buy a resale EC if I own a HDB?

If you already own an existing HDB flat, you cannot buy a new EC and keep that HDB as ECs are under HDB rules. The only option is to sell your existing flat six months before receiving the keys to the EC if you really want the more premium residence.

How can I rent out my HDB flat in Singapore?

The e-Service can also be accessed via the HDB Map Services. You must rent an HDB flat/ bedroom for at least 6 months. Owners can apply to rent out flat/ bedrooms for a maximum period of 3 years per application if their tenants are all Singaporeans or Malaysians.

Can I rent out my HDB flat to non-Malaysian NCS?

When the NC Rent Out Quota in a neighbourhood and/or block is reached, flat owners there cannot apply to rent out their flat to any non-Malaysian NCs. They can only rent out their flat to Singaporeans and Malaysians. Flat owners can use the e-Service in the HDB InfoWEB to enquire if their flat can be rent out to non-Malaysian NCs.

What happens if you rent out a flat without HDB approval?

In the event that the owners and all authorized occupiers do not live in the flat, the registration for the renting out of bedrooms shall be revoked automatically and the renting out will be deemed as renting out of the whole flat without HDB’s approval and action will be taken against the flat owners under the Housing & Development Act.

Do you have to pay tax if you rent out HDB?

Do also note when you rent out your entire flat, you will need to pay higher property tax. Non-owner-occupied HDB flats are taxed at 10\% of their Annual Values (AVs) as their AVs do not exceed $30,000.