A whole bunch of changes in rules were made during the National Day Rally 2010. It affects both HDB and private property owners.
Here is a summary of the changes:
1. If you buy a HDB resale flat now with no HDB loan or grant, you now have to occupy it for 5 years before you can sell your flat.
(Previously, you need only occupy the unit for 3 years.)
2. Households earning $8k-$10k now eligible for DBSS, and $30k CPF housing grant. Must take private bank loan.
3. 16,000 more new flats will be offered this year, and up to 22,000 next year, pending demand.
4. BTO flat owners can now collect their keys 6 months earlier. This means they need only wait 2.5 years for their new flat, versus the current 3 years.
5. Private property owners who buy resale HDB flats must now dispose of their private property within six months of purchase. This is to prevent private property owners from buying HDB resale flats for investment purposes.
(Previously, private property owners need not dispose of their private property, if their HDB is primary residence.)
6. All buyers of HDB flats now have to meet 5 year minimum occupation period (MOP) before reselling the flat or before they can invest in private property.
(Previously, resale flat buyers who have not taken a HDB grant or HDB loan can buy private property for investment immediately, and sell their HDB flat after 3 years)
7. Seller’s Stamp Duty (SSD) is now applicable to any seller who sell their property within the 1st 3 years. (HDB sales are not affected due to MOP of 3 or 5 years).
- (A) SSD is calculated as:
– 1% for first $180,000
– 2% for next $180,000
– 3% for balance.
(B) If property sold within:
– 1st year = Full SSD
– 2nd year = 2/3 SSD
– 3rd year = 1/3 SSD
8. If you have an outstanding housing loan and wish to buy a second property, a 30% downpayment is now needed (at least 10% cash, with balance payable with CPF). Those with no outstanding housing loan, 20% downpayment remains.
See complete news for more details:
– More help for first timers (link)
– HDB to raise income ceiling (link)
– HDB market set to cool (link)
– MND announces measures (link
143 thoughts on “Summary of changes to Singapore Property Rules”
I would be grateful if you can help to answer this question
A single already owns a flat under the single scheme and enjoyed the $11K grant. He later marries someone who currently owns her own condo apartment. Are they in any way affected by the new regulations? (Must either sell their flat/apartment?)
No, you won’t be affected by the new regulations. The new rules only applies to new purchases. In your cases, there is no new purchase.
Is it possible to for 2PRs and 1 foreigner to join and buy 1 condo? Given that the 2PRs are first time buyers and the foreigner owns private property in other country. Can we then rent out one of the rooms in the condo? How about the loan and down payments? How they would be affected? Thx.
There’s no restrictions on condo purchases. Anyone can buy a condo, both local and foreign, as long as they can afford it.
As 1st time buyers, you need a 20% down payment. However, it’s best to confirm with a bank loan officer to be sure.
Yes you can rent out one of the rooms, or the whole condo immediately. There are no restrictions, as it’s not public housing.
Hi, my partner and i are first time home owners and we are looking at getting a resale flat.
I understand that we will be eligible for some grants by the government, namely the first time home owner (30K) and additional 10K or so if we live near our parents.
Want to know if we can use the grants by the government as the initial 10% down payment for our HDB Flat?
Yes you can use the grant for the HDB downpayment.
Out of curiosity, can I, who now own and live in a HDB flat invest into a private property in Singapore or overseas? Of course the HDB flat will be the main place that I will stay.
The point is that I have bought my first flat from HDB, sold it after 5 years….and bought a resell…a couple years on….the resell flat was slotted for En bloc….we have moved into the en bloc flat now…and has about a remaining 3 years of MOP. It is fully paid-up.
So, can I, and when can I invest in a private property in Singapore/overseas…with a clear view that I will be staying in the HDB and the that private will be an investment, rental.
Also, if the MOP is 3 years…does it mean that I can only trigger the investment decision (provided that I can invest in a private property…) after the 3 years MOP is up…even though…say within the MOP period…the new private development that I am looking to invest…will not be ready for another 3 years…(new project under constructions…)
Look forward to yr advise…
Hi Chan, as long as you have fulfilled your MOP, yes you can invest in a private property in SG or overseas.
You have to fulfil the MOP before you can even put down a downpayment for a private property. So even if the development is ready in 3 years time, which is when your MOP is up, you cannot buy it.
I have bought a resale HDB flat in Dec 2009 before the property rules announced. Am I eligble to buy a 2nd property in SG or overseas? Do you have website that I can check?
Hi Jeff, yes you can buy a 2nd property in SG or overseas. Do note that you will be affected by the Loan-to-Value limit if you have an existing mortgage, which means you would need to put down a 40% down payment.
Hi Justina, my daughter is a scholarship student for the past 10 years. Started working 1st July 2011. She is my only child. I am already 63years old and not so healthy. the trouble is she hardly come home to see me saying the causeway is headache to travel.Do u think can she get a hdb so that i can go and stay with her. She is a PR.I am all alone. Can u please give me some advice is there a chance for her to buy hdb so that i can be with her. She is single now. God Bless. Hope to get a reply from u.Thanks.Sally.
Hi Sally, your daughter will not be allowed to buy a hdb unless she marries another PR or a Singapore citizen.
The only option here is to buy a private apartment/condo, if u can afford. These have no restrictions.
Hi Justina, Thanks for your reply. The private apartment/cond is beyond my reach. They are ever so expensive for me to consider.I only wish if i can buy a resale hdb with my daughter who is a PR for the past 4 years.She is and will want to work and stay in singapore from what i gather through her speech and attitude. I am worried that she soon will forget me. Is there a posible way that i can buy a hdb with her. Thanks. Hope to hear from u. Many thanks again. God Bless. Sally.
At present myself [ Married] working in Singapore & like to purchase one flat . Now as it happens , already I bought a flat in INDIA .So can I buy another flat in Singapore & what are the procedures for getting loan from Bank & other formalities.
Looking forward for a quick response.
I am staying in HDB for 18 years purchased directly HDB. I bought a property for investment 2 years ago and wish to purchase third property either SG or overseas.. How the latest regulation impacts me and what are the things I need to look out for.
The rules have changed again since this article was posted. See here for the new changes.
If you have outstanding HDB or bank loans (ie. for your property bought 2 years ago), you will need a 40% down payment if you buy a 3rd property in Singapore. If you buy overseas, the rules shouldn’t apply, as its meant to cool the local property market.
The current MOP of a resale house is five years. What if one has financial constraint and is forced to sell his resale house in less than five years. Does the HDB buy back at the market rate or is there any other ways to resolve suchna problem.
My parents are living with my brother in a 4 room flat. My brother is single and I wish to buy a 3 room flat for my mother as she is handicap and now she has to do a lot of household for my brother who travels a lot for his work. My father is in a Nursing Home. My question is can my Mum owns a 3 room flat while my brother continues to keep the 4 room flat. The 4 room flat is a resale flat which they stay for more than 10 years.
Hi CC Low,
Is your brother 35 years and above, and currently co-owner of the flat? Also, is he able to service the loan on his own? If the flat is under your parents and his name, it means that your parents have to transfer the flat to him first, and he has to take up a fresh loan to pay for the flat.
As for your mum, is she able to take up a loan for the 3 room flat? Or is she buying it under her name and yours? Note that unless a flat is under your name, you can’t help make payments through your cpf for it. Also, if it’s just your mother’s name, she might not be able to get a long loan, or afford the monthly installments.
My brother is more than 55 years and he is the sole owner of the 4 room flat. He has been paying for the HDB loan himself without problem. My parents are just living there with him not even a co-owner. My Mum is 79 years old but I will pay for the resale flat, if I cannot get a HDB loan for her, I will pay cash. The 3 room flat will be in her sole name as I cannot buy HDB flat.
BTW, can a single more than 35 years old own a 3 room flat or a 4 room flat.
Hi CC Low,
Yes a single more then 35 years old can own a 3 or 4 room flat.
Your mum won’t be able to take up a loan due to her age, so unless you can pay for a 3 room flat in full, your mum will not be able to get a flat under her name.
How can I buy my Mother a flat if she cannot have it under her own name.
OK I can pay in full for my Mother but can the flat be registered under her own name because I own a pte property so I cannot buy any HDB flat in my name
If you can pay in full, your mum can get it under her name.
Thanks a lot for your advice. Recently, I found out that my Dad who has to be admitted to a Nursing Home is not entitled to any subsidy because he was registered to live in a 4 room flat. I am planning to get my mother a 3 room flat because she can get some help and subsidy from the government if she needs to be in a Nursing Home. My dad is now in a pte nursing home which is very expensive. I check and see that the price of a 3 room flat and 4 room flat is not so much difference.
Will my mother be entitled to any housing grant if she buys a resale HDB flat. This will be her first HDB flat.
I am foriegner and wish to buy a private/condo in Singapore.(1st time house buyer in SG)
May i know what’s the minimum downpayment that I need to fork out?
Is there any different between foriegner and Singapore PR in term of initial downpayment needed?
Thanks in advance for your help
It varies, depending on the bank you borrow from, and whether you are working in Singapore. If you aren’t living in Singapore, you might have to fork out a 30% down payment. If you are a PR, then it’ll be the standard 20% down payment.
My dad is a retiree and he wants to downgrade our EC so that he has some cash to spend. My mom strongly disagrees as she has set her mind on growing old here. Now Dad wants me to buy over his half of the flat, and take up a loan from the bank, so that he can have the cash he wants to spend.
I’m single of 38 yrs and never bought a flat before, and my mom is still working but will be retiring soon.The flat has already been paid in full.
How do we go about buying over the flat from my dad? Do we have to get a valuation on the flat or can Dad sell his half to me at any price he wants? Will i be able to use my CPF to pay my Dad? Or do i have to take up a loan from a bank instead?
Thanks in advance for your help
I am currently staying in a HDB resale flat and am still servicing the monthly payment. If I marry someone who owns a HDB flat, do either one of us has to give up our HDB flat? If so, what is the limitation period for one to sell the flat.
Thanks in advance for your assistance.
Yes, officially, one of you will have to sell your flat, as once you get married, you are considered a family unit and can only own one flat.
I think you have to sell it within 6 months.
Hi, My husband only singapore PR we want to buy a hdb flat is it eligible or not pls reply me?
Hi malini, you didn’t mention if you are a citizen or not. If you are, then you and your husband can buy a hdb flat.
I had sold off my 3room HDB flat and planning to buy a private/condo in Singapore.
Is there any Stamp duty to be pay on the purchase agreement?
Is there any rule to rent out the whole unit for income.?
Hi Edmund, yes you have to pay stamp duty for your condo. It’s calculated as follows:
– 1% for first $180,000
– 2% for next $180,000
– 3% for balance
Unlike HDB, there are no restrictions for renting out your condo.
Chance upon your website while surfing on my enquiry.
With regards to HDB flat, Can there be a transfer of HDB flat from my brother to my father (who ownes private property already). The HDB flat is non-subsizdise and have already fufilled the MOP period. Hope you will be able to clarify
I don’t believe you can. Transfer of ownership is essentially a sale transaction, even if no money is involved, so your father would essentially be seen as buying a hdb, and thus, with the new rules, would have to dispose of his private property.
Currently i am into 4 years of my MOP and would like to buy a private property. Is it possible for my parent to approach the bank for a loan and after my MOP, transfer the mortgage loan to me instead?
Yes your parents can buy first, and then transfer to you after ur MOP is up. But …
1) Your parents are essentially buying the property, and thus would have to qualify for a loan on their own. Thus the duration of their loan will be a lot shorter, and installments higher.
2) I don’t think you can transfer a mortgage. You’ll have to take out a new mortgage, and in doing so, you will incur penalties for getting out of your parent’s mortgage.
It’s better for you to wait till your MOP is up. If not it’s costly to pay all the penalties and fees.
My father, my mother and myself are co-lessees (owners) of the hdb flat we live in under the manner of holding ‘joint tenancy’. My father had recently passed away. He had made a WILL while I was overseas working. I just went to the lawyer to read the Will with my brother.
In the Will, it read that my mom and I should sell the flat, with the sales proceed after putting back the cpf contributions, my brother should be getting 75k, and myself 75k, and the remaining goes to mom. Our flat is fully paid and no mortgage loan is involved. I am refusing my brother to the right of getting a share of the flat’s sales proceed. I am aware of the policy under joint tenancy being all owners have equal share, and the right of survivorship, and the Will not being abe to prevail. May I know if there is a chance that this Will may prevail over the hdb policy of joint tenancy if it is being brought to Court by my brother? I understand many laws are being written as it is, but there are exceptions when brought to Court. So i am seeking advise if my chance of winning the case is high and what are the possibilities that the judge might grant the Will its wishes?
Joint Tenancy trumps a will. It should rightfully belong to your mother and yourself now.
Your father cannot will something that does not belong to him. If it were Tenancy-in-common, where each individual owns a percentage, then yes, your father can will his portion to whoever he pleases. In such a case, you might have to sell the property, unless you can buy over your father’s share, and pay it out according to his will.
I had posted a previous post as per below for reference sake… I’ve seen yr reply. I am aware of the HDB policy whereby joint tenancy disregards the percentage of contribution each owner makes. However if the lawyer claims that my father paid this flat using the sales proceed from the old flat, and hence make him the biggest contributor, do you think it is possible that this fact might be able to overthrow the HDB policy?
”My father, my mother and myself are co-lessees (owners) of the hdb flat we live in under the manner of holding ‘joint tenancy’. My father had recently passed away. He had made a WILL while I was overseas working. I just went to the lawyer to read the Will with my brother.
In the Will, it read that my mom and I should sell the flat, with the sales proceed after putting back the cpf contributions, my brother should be getting 75k, and myself 75k, and the remaining goes to mom. Our flat is fully paid and no mortgage loan is involved. I am refusing my brother to the right of getting a share of the flat’s sales proceed. I am aware of the policy under joint tenancy being all owners have equal share, and the right of survivorship, and the Will not being abe to prevail. May I know if there is a chance that this Will may prevail over the hdb policy of joint tenancy if it is being brought to Court by my brother? I understand many laws are being written as it is, but there are exceptions when brought to Court. So i am seeking advise if my chance of winning the case is high and what are the possibilities that the judge might grant the Will its wishes?”
Legally joint tenancy is binding. It’s irregardless of how much each party has contributed. If not, then the whole purpose of having a joint tenancy clause is redundant.
Hello, I am a foreigner living in Singapore with my husband (foreigner too). We have a property overvsea, with a housing loan (oversea).
We are interested in buying the private appartment that we are currently renting.
What will be our downpayment if we want to buy?
Thanks & regards!
If my parents want to buy private property in Singapore,their age are around 60, can or not?
now I own the HDB flat with my husband from the HDB,and take the loan from the government, after 5 years , may we invest in the second property ?
Sure why not? If your parents can afford to pay for the property, age is not an issue. It’s only of they need a loan, then it might be a problem, as due to their age, their loan period will be very short, and their monthly installments higher (depending on their loan amount).
As for you and your husband, yes sure u can get a 2nd property after 5 years. Just make sure it’s private property.
I wish to buy for my mother a HDB Flat in her own name but I will pay for the flat in full by cash. The question is does HDB accepts a Trust Deed meaning that the flat is actually owned by me but in the name of my mother. This is to protect my interest in the event that my mother passes away later and my 2 brothers cannot claim for the property since they did not pay any money for the purchase.
HDB will not accept a ‘Trust Deed’. I’m assuming you already have your own HDB flat, which is why you aren’t buying the flat for your mum in your name.
As far as HDB is concerned, you can only own 1 flat. So even though the flat is for your mum, it has to be in her name, and thus it’s legally owned by her.
The only way around this is to make her write in her will that she is leaving the flat to only you. I advise paying a lawyer to get the will done, just so there’s no grounds for saying the will is improperly done, and thus invalid.
WILL can be changed anytime especially most time I am not in Singapore but I guess this is the only choice.
Try consulting a lawyer. I’m not really that knowledge in legal matters. HDB will not recognize a deed trust, but maybe your mum can leave the HDB in a trust for you. (That’s beyond HDB’s jurisdiction – what happens after a HDB owner has moved on.) But you’ll probably have to sell it when you get it.
I owned a HDB which is occupied more that 10 years.
I owned a private property and now staying.
1) I Intend to let my mother-in-Law to stay in the HDB as I am not renting to her. How can I proceed to let her stay legally.
2) Can I opt to have the discounted property tax for my private property instead of having it now with HDB.
Thanking you in advance for your advise.
Hi Philip, you don’t really have to like get permission from hdb or anything, cause you aren’t renting your flat out, but you do have to log on to myHDBPage and add your mother-in-law’s name as an authorized occupier.
As for discounted property tax, afraid it will still be applied to your HDB. Don’t think you can change it.
Does this new MOP rule of 5 years for HDB Resale apply to only new buyers? I bought HDB in 2006 and stayed for a few months only. Since then I am in abroad and flat is rented with prior approval. Will the new rule apply to me too?
In theory it shouldn’t affect you, though it’s best to check with HDB. You can email them and ask them to make sure.
I n my wife owe a HDB flat >10yrs which has has been fully paid while still servicing our loan on a invested private property. I plan to sell tis private property soon. Once it is sold, can I still buy back a private property without selling off my present HDB flat when d market is softer?
Hi Francis, yes you can. The new rule only applies to buying a hdb when u already own a private property, where u have to sell off your private property 6 mths after buying a hdb. Ur scenario isn’t affected by the new rulings.
I am a Singaporean, currently Single. Was thinking of buying a Condo apartment. However, what are the impact of that when I do get married in the future and want to buy a HDB flat. After selling of the Condo, am I still considered as a first-time flat owner(eligible for all the grants)?
You have to sell your Condo 30 months before you can buy your HDB flat in order to qualify as a first-time flat owner, and eligible for grants (if you meet the conditions).
Can we rent out HDB and private property at the same time?
Sure why not?
As long as your HDB has met it’s Minimum Occupation Period, you can rent it out. As for private property, you can rent it out anytime. There’s no restrictions.
I am a joint ownwer of a HDB flat with my huaband. We bought the flat 7 years ago, and it is fully paid-up.
I am also a private property owner.
If we sell this present HDB flat and buy another HDB flat and my husband co-owns it with my son
Do I still have to sell off my pte property within 6 mths?
Can I still be listed as an occupant in this next hdb flat?
Appreciate your help. Thanks
I can’t say for sure, but I know that HDB usually pair husband+wife together. Best to check with the HDB officers @ Toa Payoh HDB Hub.
Alternatively, why not transfer the private property to your son instead? This way you and your husband can still sell and buy another HDB flat without any problems.
My parents’ HDB flat (fully paid) had been en bloc and has since moved into the new flat which HDB has allocated. Do they still need to fulfill the MOP before getting a private property ?
Yes they do.
I recenty bought a HDB flat direct sales. I am divorced and have a kid. In future, if i marry someone who owns his own private Condo, will one of us have to sell our house?
Technically, I believe HDB would only check for private property ownership at point of sale. Thus I don’t think you will have a problem.
I have completed payment for my current private property which was purchased in 2001.
i want to transfer it to my wife . Do I/my wife have to pay stamp duty for the transaction ?
I believe you would. When adding a name into the deed for HDB, there’s stamp duty, though not as much as the original stamp duty. I believe private property transfer would be the same.
I’m PR and bought HDB unit with my wife 2 years ago. Last month MOM approved my 4 years old doughter PR. Can i trf my HDB unit name to my doughter?
i like to ask..my grandmother have a 4 room flat under his name alone and she would like to take my step-mother as a 2nd owner for that flat and my step-mother did’t have any child with my father is this possible thank you
I had our HDB purchased March 5,2010. 1st appointment was September 2009 and 2nd appointment is March 5, 2010 with no HDB loan. Just want to know what the MOP for our unit?
Your Minimum Occupation Period is 3 years.
I am pretty desperate here. My wife and I are first time HDB applicants, and we have agreed to purchase a BTO flat in 2008 in Punggol, est TOP 2012. However, in 2009, in a deceased family member’s will, I was ceded 50% of a private condo unit together with my brother. Now, after checking with HDB recently, it turns out that not only they are barring me from completing my purchase of a HDB property, and not allowing me to take control of my BTO flat, but also will not be returning my initial 5% deposit! I am also not allowed to purchase any form of HDB, resale, DBSS or even EC. I feel this is very unjust, as the laws were only introduced in 2010. At the very least, they should return me my initial 5% deposit.
We are foreigners living in Singapore for over 13 years. I own a small condo here that we live in but as we are planning retirement we were considering in investing in a rental property. We cannot afford the new 40% downpayment requirements for foreigners but how about commercial property? Do we need to put in that much for commercial property – like warehouse or shopspace?
I am new citizen here , from Malaysia,36 yrs old , single,wish to ask for my special situation if I want to buy a resale hdb flat here , I got 2 oversea houses under my name , one is inherit from my late father which I just removed my name with the assistance of the lawyer, another one is a so called dead land , I bought it since 12 yrs ago and paying for the bank loan every month , unfortunately, the developer ran away , end up the house cannot be completed and approved by government , I look for lawyer but said nothing can be done even though I had paid fully for the loan recently , so am I eligible to buy a resale hdb here? and how about the grant ?Please advice and enlighten me , thanks !
Hi Chong, I don’t think you can buy a resale hdb as you have to dispose of your foreign property within 6 mths if you do, and if you can’t (which seems to be the case), you’ll get in trouble.
If you do manage to get rid of the property, then you can apply for singles grant if you don’t make more than $5k. Single’s grant is $15k, and can be used to off set your down payment.
I have already fully paid my current hdb flat and is looking into buying a shophouse unit with a 3 room flat unit above. I get a govt subsidy for my unit though I buy it from open market 10++ years. Qn: Am I allowed to buy a shop-house with the 3room flat unit above without selling my current flat? the shophouse will be considered as commerical or hdb unit then? will Stamp duty be different if it is consider a commerical unit?
My father and mother is looking into transferring the ownership of their condo (also our current residence) to my sister who is 27 years old and single.
Is my sister eligible to become the sole owner of the condo if she plans to take over the house and rent it out as she is staying with her partner.
Also, would my parents be allowed to purchase a resale flat after 6 months if they transfer the ownership to my sister? And the HDB would be their residence from then.
Thank you for your help.
Much appreciated. =)
Your parents can actually purchase a resale flat now, and transfer the condo to your sister within 6 months, and yes, your sister can own the condo and rent it out. There is no age restrictions or otherwise where private property is concerned. Note that if your sister plans to get married in future, she won’t be eligible for any housing grants if she plans to get a hdb.
My bf and I intend to get marry and would like to purchase a HDB resale flat that able to stay near his parent house in order to take better care to them. But problem is my parents had bought private overseas property last 3 years ago and my name is also inside the contract. Reason to include is to easy for my parents to do bank loan at that end. And parents bought this property is for them to relax when they are old. In such situation, can I/us still able to buy HDB resale flat?
Hope to receive your advice.
Thank you 😉
Unfortunately, as long as your name is in the overseas property, you won’t be able to buy a resale HDB flat.
Perhaps you could transfer the property to just your parents names? You can still be included in the loan to pay for the property, but you won’t own the property, and thus will be able to buy a resale flat.
thank u for the advice 😉
If one has fully paid for a HDB and lives there more than 10 yrs, can he buy a private condo, stay in the condo and rent out the HDB?
Hi Francis, yes you can.
I was hoping for some advice. My parents bought a house approx 10 years ago and my name was included in the title deed for them to get a loan to purchase the house. However, I am getting married and with the new measures in place I have to buy another property with a 40% deposit which is too high for me and my fiancee! Is there a way around this ruling? If I “transfer” my share of the house to my parents, will I have to pay stamp duty?
Thanks for your help!
hai, just want to know that my son and his spouse have a house still does not meet mop, now both of them have to work abroad, can they give the house on rent. later once their overseas contract over then they will move back to sing..how will be the procedure/…
Hi Bram khan, your son and spouse can apply to HDB for permission to sublet the whole flat, and prove that they are working abroad. HDB will then allow them to rent out the whole flat. They can apply online at http://www.hdb.gov.sg under myHDB, using their singpass.
However, the rental years will not count towards the MOP, so lets say their MOP is 5 years, and they have stayed in it for 3 years, if they rent it out for 2 years, after they come back, they have to stay in it for another 2 years before they can sell/rent out again.
i bought a HDB 5 room resales flat on May 2008 . do i affected by SSD if i sell my flat now? i’m thinking to upgrade to buy private property . i wonder if i’m tight to MOP of 5 years or MOP of 3 years ..
hi justina, my mother has a flat which we aleady stayed for 15years. fully paid. can we buy a private property with 80%loan? and also keep our current flat to rent out? thank you sam
Hi sam, yes you can.
Hi Justina, I own a first hdb flat (resale with grant) and still servicing the loan half way. Now I want to purchase a second property (private) and have very little cash and cpf balance. But my current hdb is going for 100k more. Is it possible for me to sell my current hdb, buy a second hdb and also finance for a second private property? thanks, Jeya
If you sell your hdb flat now, and buy another hdb flat, you can only buy a private property after 5 years (because MOP for all hdb flats is now 5 years). Also, you have to take out a bank loan for your 2nd hdb flat, if you wish to put down minimum downpayment.
I’m staying in the flat for 6 yrs now, so I fulfill the MOP condition. So if I sell this flat and buy another HDB (second timer), I dont have to fulfill the MOP on that flat before I can purchase a private property right?