One of the property cooling measures announced on Monday was that owners of a private property would have to sell it within six months after they bought a HDB unit.
It was further clarified that this rule will also apply to an owner of a foreign property. Meaning if you own a foreign property, you will need to dispose it within six months of buying your HDB unit.
Frankly, I am not sure how this is going to be enforced but it sends out a clear message that if you can afford to own a private property, you should not be buying a HDB.
On a separate note, Monetary Authority of Singapore (MAS) said that a buyer with a home loan for an overseas property will not be subject to the new financing rules when they are buying an additional property here.
Foreign Homes, Same Rules (Straits Times)