How Can I Buy A Private Property If I Own A HDB?

For educational purposes only. All copyrights belong to their respective owners.

Fulfilling the MOP
To buy a private property when you already own a HDB flat, the first condition you have to meet is to fulfil the Minimum Occupation Period (MOP). The MOP for HDB is 5 years which means you have to stay in your current HDB for 5 years before you are allowed to purchase a private property. This is only applicable for Singapore citizens.

If you are a Singaporean PR, there is no way you can buy a private property while keeping your HDB flat. You will have to sell your flat within 6 months of acquiring your private property.

Restrictions to take note
While it is possible to buy a private property while keeping your HDB, there are certain cooling measures which the government impose to prevent housing prices from going up too fast.

Loan to value ratio for second property and above
The loan to value ratio or LTV is the amount of loan you can get from the bank for that particular property. If the LTV is 90%, it means you can borrow up to 90% of the price of the property with only 10% down payment.

Here’s the various LTV for first, second and third and subsequent properties:
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Your HDB Flat Is Not Really An Investment

It is very hard to make money on your HDB flat. By this, I’m saying about the first HDB flat you buy. Many people treat the home they are staying in as an investment where they are willing to put in money and pay a lot for the mortgage every month.
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Owning both HDB flat and condo: How much would one really need?

Most Singaporeans start out with buying a HDB as their first home, and hope to upgrade to a private condominium in the future. But what about owning both HDB flat and condo at the same time? How does that work out financially?
Factors to consider when owning both HDB flat and condo
Before you even think about buying a condominium while you currently own a HDB flat, you might want to consider these factors first:
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Acquiring Private Property

As a flat owner or occupier, you can choose to acquire private residential properties locally or overseas if you can fulfil the eligibility conditions that apply to your flat.

Is HDB Policy “Unfair” Towards Private Property Owners In Singapore?

Policy matters that concern the masses have always been a tricky subject to manage. Governments need to balance between introducing policies that are good and sustainable for the country, against policies that are deemed “unfair” by people. Sometimes, the two just don’t go together.
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HDB Owners Buying Private Property

A lot of owners of HDB flats have a misconception about their eligibility of purchasing a private property. Here we would like to help you understand your rights to realise your dreams of owning an additional private property for your own stay and for wealth retention. When HDB owners buying private property, there are certain rules that they have to adhere to.
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