What Is Minimum Occupation Period(MOP)?
According to HDB, Minimum Occupation Period (MOP) is the required time frame we need to stay in a flat before resale. Typically, it lasts for about five years, and it is calculated from the day we collect our keys from HDB.
What Are the Limitations During MOP?
- You have to occupy the flat for a number of years (generally 5 years, 10 years for prime region flats) before you can sell it in the open market.
- Renting out the entire HDB flat is illegal, but you can rent out one room less than the total number of rooms.
I Have Fulfilled the MOP, What’s Next?
RENT OUT WHOLE HDB UNIT(NEED TO APPLY TO HDB, QUOTAS AND RULES APPLY)
KEEP CURRENT HDB FLAT, BUY PRIVATE RESIDENTIAL PROPERTIES.
SELL CURRENT HDB FLAT, BUY ANOTHER HDB FLAT OR PRIVATE RESIDENTIAL PROPERTY.
How do I know what's best for me?
Every household has unique and different requirements, there are no one size fits all strategy. As an experienced and trained realtor, Derek will firstly understand your plans, then incorporate the best solution for your needs using advanced data research, to ensure you make informed decisions in your real estate journey.
Let’s Discuss My PlansHDB SELLER’S TIMELINE
HDB BUYER’S TIMELINE
SELL HDB, BUY RESALE CONDO TIMELINE
BUY NEW LAUNCH CONDO TIMELINE
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