you can still buy private property after owning a flat, but not the other way round?

[LordElrond]

This fucker is again thinking that only he knows the best. What the fuck? Go and read up properly before you give wrong information to the innocent here. WHAT THE FUCK TO YOU MAN?

Now back to the question. A HDB flat owner can buy a private property after completing the Minimum Occupation Period (MOP) and if the loan is fully paid by then. Otherwise, it'll be 10 years from the day of getting your keys if there is still an outstanding loan. Although there is no limit to the number of private properties can be purchased, the owner will however needs to inform and get the HDB's approval before making the next purchase of a private property. This is more for formality because most of the time though, they would be approved. In addition, if the owner has completed the MOP, he can apply to the HDB for approval to rent out the whole unit.

I'd been through this and I know very well. Presently, I have a HDB and 2 private properties, all fully paid.

That sounds correct, thank you

 

[Loofydralb]

Why you people fighting over this? PAP will forever keep changing the rules of home ownership. Note the change from freehold to 99. From owning multiples, to penalties for owning multiples, from private to public, from 99 to 60 year leases, and now from 60 to 30 year leases.
The eventual intent is to not allow you to own any property but rent. Then you and your descendants will be slaves.
Those who think they own landed freehold will not be affected, will have a surprise coming eventually.

 

[Leckmichamarsch]

That is not the rule. The rule is you cannot own multiple properties if you have a HDB flat. It does not matter whether the other property is private or not. eg if you own a HDB flat, and you buy a private property, u will lose the flat if HDB finds out. eg. If you own a private property and sell it so that you have no properties, you can buy a HDB flat. Alot of people do that when downsizing.

there is long time bar.

 

[sweetiepie]

If someone could help clarify i would be most grateful. Sorry for my naivety.

KNN that means you are rich yet naive KNN 大老屎 @ginfreely faced the same problem.
You are correct.
My uncle think why the rule is like this is becas pap think that rich people can straightaway buy pte so they dont allow them to buy hdb whereas poor peasant that bought hdb and slowly worked their way to save money and allow them to buy pte KNN however when rich people becomes poor they need to sell their pte then can buy hdb but the onlee thing my uncle cannot understand is why after selling still need to wait for 1 year then can buy hdb KNN where they want them to stay during that 1 year? KNN

 

[bobby]

Public housing should only be made available to those who cannot afford a private property. Why increase the demand for public housing when the demand can be limited to those that can less afford ?