Comments on: Thank you for your question

By: HDB Resale

HDB Resale — Thu, 18 Mar 2010 09:22:34 +0000

You can purchase private property even if you own a HDB flat. There’s no time frame involved but consider these:
1. You must stay in HDB flat and rent out your private property.
2. There will be no property tax rebate on your private property.

I hope you are not thinking of subletting your entire flat without HDB approval. Its illegal.

By: Ivan

Ivan — Thu, 18 Mar 2010 00:34:58 +0000

Dear Sir,

Thank you for your fast reply. I’ve another question. Upon purchase of a resale flat, can we still buy a private property ? how long do we have to wait to be allowed to buy one?

Thanks

By: HDB Resale

HDB Resale — Wed, 17 Mar 2010 16:52:15 +0000

Here are the links. Hope these help. Guidelines for Renting Out Rooms HDB Online Flat and Room Rental Application

By: Ivan

Ivan — Wed, 17 Mar 2010 08:11:46 +0000

Dear Sir,
I read that …with effect 1 Feb 2010, flat owners must register the subletting with HDB within 7 days of doing so. They must also continue to live in the flat during the period of subletting and comply with other subletting conditions.

How is this registration done ? can it be done online ? what info is required ? will there be a regular fee imposed ? will we need to pay everytime there’s a change in room tenant ?

By: HDB Resale

HDB Resale — Mon, 01 Mar 2010 11:05:31 +0000

HDB Resale flats are 99-year leasehold properties.

Old flats(above 30 years) are subjected to possible -
1. Enbloc
2. Major Upgrade
3. Minor Improvement
Notices will be given long before these happen.

Most probably you’ll sell your flat in the open market. You can sell after 1 year(if you took up loan from bank), 2.5 years(HDB loan) & 5 years(if Grant is involved).

Valuation is most definately won’t be the same by the time you sell. As for Cash-over-Valuation, its your call really.