Understanding the rules and regulations of buying a HDB flat can be confusing, especially when it comes to the disposal of a private property. One common misconception is the timing of the 15 or 30 months restriction period.
To clarify, the restriction period starts counting from the completion date of the private property, not from the date of disposal. This means that if you have disposed of a private property, you will have to wait 15 or 30 months from the completion date before you can purchase a HDB flat.
- 15 months: non subsideised resale flat
- 30 months: subsidised flat (BTO/EC)
- 30 months: apply for CPF housing grants, securing HDB loans
It is important to take note of these restrictions to avoid any penalties or legal issues. Always consult with a professional or refer to official government guidelines for accurate information. With proper understanding and planning, you can make informed decisions when it comes to buying or selling properties in Singapore.
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