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HDB + Private · 2026

Can I own HDB and condo at the same time in Singapore? (2026 rules)

By Winfred Quek · 10 minute read · Last reviewed May 2026

Reviewed 13 October 2026 · Sources linked below

The minimum occupation period

HDB sets a 5 year minimum occupation period for flats. Whole flat rentals need HDB approval, which runs for up to 3 years at a time (HDB).

ABSD on the condo

For a Singapore Citizen, ABSD is 0% on a first residential property, 20% on a second and 30% on a third (IRAS). On a $1,500,000 condo, 20% ABSD is $300,000.

Loan limits

MAS sets the maximum LTV by the number of outstanding housing loans: 75% with none, 45% with one and 35% with two or more. The lower limits also apply where loan tenure exceeds 30 years or runs beyond age 65.

The total debt servicing ratio limit of 55% applies across all property loans, including the HDB loan repayment and the new condo mortgage.

Property tax on a rented out flat

Owner occupied and non owner occupied residential properties are taxed at different IRAS rates. For non owner occupied residential property the rates are 12% on the first $30,000 of annual value, 20% on the next $15,000, 28% on the next $15,000 and 36% above $60,000 (IRAS).

Frequently asked questions

Can a Singapore Citizen own both an HDB flat and a private condo?

Yes, after the flat has completed the 5 year minimum occupation period. ABSD of 20% applies to the condo as a second residential property.

How much ABSD applies when buying a condo while still owning an HDB flat?

For a Singapore Citizen, ABSD is 20% on a second residential property. On a $1,500,000 condo that is $300,000.

Can I rent out my HDB flat after buying a private condo?

Only after the minimum occupation period, and only with HDB approval, which runs for up to 3 years at a time. Rental income is taxable and property tax is assessed at the non owner occupied rates.