is it true that HDB flat owners can buy private properties

- only after 3yrs fr date of taking over hdb flat, if its purchased in the open market without any subsidies

- only after 5yrs ditto, if its purchased directly from HDB and/or subsidies are involved

?? can anyone verify/correct this??

From what I understand, you can purchase private property only after you have meet the minimum occupational period.

For flat bought direct from HDB/open market with grant - 5years

For flat bought from open market with no grant - 2.5years

Do note that if you are servicing the loan via CPF, you can only use it (CPF) to service a 2nd residential property AFTER you have set aside the minimum sum.

What about Exec Condo? Must the HDB owner sell after getting the exec condo?

What about Exec Condo? Must the HDB owner sell after getting the exec condo?

Not sure sure your question is. But if you are talking about buying a new EC, you will need to sell your current HDB flat as EC is considered 'HDB'. The good news is under the new ruling (but not sure which project will kick off), you do not have to pay resale levy for EC, this is to bring the rule in line with those HDB under DBSS (Design, Build and Sell Scheme).

If you are getting a resale EC, than I believe you are allow to hold your HDB as after 5 years, EC is treated as private property (only condition is cannot sell to foreigners, which will be lifted only after 10 years). But the CPF ruling on CPF money use still applies. Can anyone else verify on this?