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Monday, October 3, 2022
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NETIZEN ASKS IF IT IS POSSIBLE TO OWN OVERSEAS PROPERTY YET BUY HDB

A netizen posted online asking if it is possible for him or her to own a overseas Government property and yet own a HDB in Singapore.

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Here is what was shared

“Doing some life plannings…

Married a foreigner and planning to have retirement life over there but it is at least another good 25 years.

Currently i have no HDB in singapore but i’m planning to get one in the next few years. However, there is a really good opportunity now in another country to buy a property. So when i read up HDB website, to purchase a resale with grants, the owners of the HDB shouldn’t have any OVERSEAS PRIVATE PROPERTY.

So this overseas property opportunity is actually govt property… will it be possible for me to get HDB and is grants after i purchase the govt property from another country? Or perhaps any one knows what does private property mean in HDB website? Anyone encountered any similar thing before? Need help.”

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Replies and comments by netizens

  • No, you can’t own any property overseas if you want those grants for HDB
  • Just send an email to HDB to ask. If someone on the forum say can, years later you going to use their reply to justify your case to buy a HDB?
  • If an overseas property opportunity came up, and you can take up this property, it is probably private property. This is especially so when you can dispose of it as a matter of personal rights. It does not matter if the seller is a foreign government. In Singapore, private property means non-HDB property.

Image source: Unsplash

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