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2nd HOME in Singapore



Correct me if I am wrong, my understanding of HDB rule is the local can purchase second residential property after serving 5 years of minimum occupation period for the HDB flat.
 

After residing in the HDB flat for more than 4 years, wild dream began to appear in my mind. I am eyeing for HDB maisonette around my area. The 2 storey flat looks so spacious that capture my heart. After some renovation work, the flat must be as comfortable as double storey landed property. For your information, some HDB maisonette is at level 1 and 2. Those owners even convert the grassland in front of their flat to be their own garden with plants and swing as well as laundry.


On the other hand, many people out there might be thinking of purchasing private condo after serving minimum occupation for the HDB flat which is quite different from my wild dream. Some of them even sold off the existing HDB flat in order to fund for the down payment of the private condo. I even saw some of the people upgrade to DBSS or EC instead.
 
 
What will be your choice and why?
 
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