Owning an HDB and Condo at the Same Time in Singapore: 6 Factors to Consider

Dispose of the HDB BTO unit or an HDB resale flat via the open marketThe MOP starts from the date you receive the keys to the HDB BTO unit or HDB resale flat. It excludes any period when you did not live in the property, like when the whole property is rented out or when there has been a violation of the MOP. However, please note that you risk paying fines of up to $50,000 or getting the HDB flat compulsorily acquired by the Government if you flout the MOP rules.

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. However, not many Singapore Citizens are capable of buying private property while owning an HDB flat due to the large expenses involved.Buyer’s Stamp Duty This tax will be computed depending on the purchase price stated in the document to be stamped, or the property’s market value, whichever is higher.

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