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Rules for Singaporeans and PRs buying overseas property

  • HDB owners who wish to invest in overseas residential properties can only do so after fulfilling the Minimum Occupation Period (MOP)
  • HDB owners who wish to invest in overseas non-residential properties can do so even before fulfilling the MOP
  • For HDB owners who are Singapore PRs, you will be required to sell your flat within 6 months of acquiring a residential property – both locally and overseas
  • You can’t use your CPF savings to buy overseas properties
  • You may get a loan from a local or an overseas bank
  • Properties located outside of Singapore are excluded from your ABSD count
  • If you own residential property overseas, you will need to sell it within 6 months of buying a HDB flat

– September 4, 2018

Read Full Article at https://www.edgeprop.sg/property-news/rules-singaporeans-and-prs-buying-overseas-property

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