Can HDB Owners buy Overseas Property

Can HDB Owners buy Overseas Property

Ever since the cooling measures (TDSR, ABSD, SSD) were implemented in 2013, many Singaporean and PR’s investors have looked at properties outside of Singapore for more affordable options and potentially higher rate of return. In one of the article in Business Times (30th Jan 2018), it was noted that Singapore outbound property investment hit a record high in 2017 at US$28.4 million which is at whopping 40% higher than US$20.4 million in 2016.
One of most common question that is always being asked is, “Can HDB Owners buy Overseas Property?”

Below is the general rule for Singaporean and Singapore Permanent Resident who own HDB and wish to invest in overseas property;

1. You are allowed to invest in overseas residential property if you have fulfilled your Minimum Occupation Period (MOP)
2. You are allowed to invest in overseas non-residential (commercial and industrial) property even if you haven’t fulfilled your Minimum Occupation Period (MOP)
3. You must dispose of your overseas residential property within 6 months after you purchase your HDB

For more information about your eligibility you can contact HDB at http://www.hdb.gov.sg/cs/infoweb/contact-us

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