Forum: Review rule on overseas property ownership and public housing

Current HDB rules disqualify Singaporeans who own any overseas residential property from purchasing even a non-subsidised resale flat, unless the property is first disposed of. This applies regardless of the property’s size, value or usability.

The intent – to ensure public housing benefits those without alternatives – is understandable. But in practice, the blanket rule is overly rigid.

Many Singaporeans bought or inherited modest overseas properties as part of long-term retirement planning, not as alternative homes. Such properties cannot realistically serve those who live and work in Singapore.

Disposal is also not always feasible immediately. Overseas properties may take years to sell due to weak markets, foreign ownership restrictions or legal delays. Forcing disposal under unfavourable conditions creates unnecessary hardship and financial loss.

This rule also contradicts another HDB policy: Once flat owners complete their minimum occupation period (MOP), they may freely buy local or overseas private property without restriction.

If overseas property ownership is acceptable after MOP, why should it be an absolute barrier before?

A more balanced approach is possible. Applicants with overseas property could be allowed to buy a resale flat under stricter conditions – for example, with a longer MOP or mandatory owner-occupation. This would uphold the spirit of public housing policy while reflecting the needs of some Singaporeans.

Housing policy must keep pace with changing realities. It is timely for this rule to be reviewed.

B. Jahabar Deen