Can an HDB flat owner buy a private property? Can private property owners buy an HDB flat? We trawled through Government websites like IRAS and MAS and surveyed 6 top things to consider before owning both types of property in Singapore.
. However, the MOP for SERS flats before 7 April 2022 will either be seven years from the date of selection or five years from the date of key collection.for the first time, buyers need to comply with a five-year MOP. After that, it can be sold to Singapore Citizens and Permanent Residents . After 10 years EC will be privatised and can be sold to foreigners. Buyers of resale ECs do not have to comply with the MOP rule.
Only Singapore Citizens have the privilege of owning an HDB flat and a private condo at the same time. But they still need to comply with the MOP before they are allowed to purchase private residential property. They also can’t do it the other way, which is to buy private housing first and then an HDB flat, as they need to sell the private property after completing their purchase of an HDB unit.
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