Can I buy property before MOP?

You need to fulfil the MOP period of 5 years before you can purchase another residential property. If you are SC, you can buy private and keep both hdb & private, provided your finances are comfortable. There is no need to dispose the HDB if you are SC.

Can you buy a private property before mop?

Fulfilling the Minimum Occupation Period (MOP) Before you and your spouse can acquire private residential property, you have to fulfil the MOP of your flat.

Can I buy HDB before mop?

Can I Apply For A BTO Before Meeting The MOP Of My Current Flat? No, you may only apply for a BTO after your MOP has been met.

Can you buy a condo before mop?

Barring exceptional cases, you need to have completed your MOP before you can buy a condo or sell your HDB. This MOP is typically 5 years.

Can I apply EC before mop?

Can You Apply for BTO or EC Before MOP? No, you cannot. Even though it may take another few years for the BTO/EC to be built, you can only begin applying after the 5-year MOP.

IT IS IMPORTANT:  Do you have to be good at math to be a real estate appraiser?

Can I buy second property during mop?

During the MOP, you cannot sell your flat on the open market, and you cannot rent out the entire flat – although you can still rent out individual rooms, provided you live there). In addition, you cannot buy a private property during the MOP.

Can I apply for BTO If I own private property?

As you just sold your private property, you cannot buy a BTO flat till 30 months AFTER you sold your private property. Hence you will need to be be buying a HDB resale flat in the open market. BTO flats (ie completely new subsidised HDB flats) are not available to you for 30 months after selling your private property.

Is there MOP for HDB resale flat?

Yes, there is a MOP (Minimum Occupation Period-5yrs) in all HDB flat, irregardless of new or resale, no matter whether it is under mortgage or not. Thus anyone who bought HDB flat, you have to fulfill 5 years occupation period before you are allowed to invest in private property.

Can I inherit a private property if I have a HDB?

In short, yes. You can inherit it, but you would have to sell your interest in one of the two HDBs. This is because anyone can own only one HDB flat at a time. You are considered an owner of an HDB flat whether you have full or partial ownership in the HDB.

Who can buy EC before mop?

EC Eligibility . Time Debarments

Status Type of Property Before can Buy New EC
Owner EC bought from developer 5 years MOP + 30 months from EC disposal
Essential Occupier Flat bought from HDB DBSS flat / EC bought from developer Resale flat bought with CPF Housing Grant 5 years MOP
IT IS IMPORTANT:  How does a non profit buy a house?

Can I buy condo while waiting for BTO?

Yes, yes you can. It is an unconventional option and you’re restricted to only HDB flats (because you can’t own a BTO flat and private property at the same time).

Is there MOP for condo?

For private housing, there is no MOP, but your main worry is the Seller Stamp Duty (SSD). You have to pay this if you sell your private housing within the first four years: Sold within the 1st Year – 12% stamp duty. Between 1st and 2nd Year – 8% stamp duty.

Can I buy condo before selling HDB?

If you buy a private condo without first selling your HDB flat, your loan-to-value (LTV) ratio for the new condo will be significantly reduced as it will be considered your second mortgage. The LTV drops from up to 75% to 45%.

Can PR purchase EC?

Can Single PR Buy Resale EC After 5 Years? Yes, you can buy a resale EC after MOP.

Can I buy 2 EC?

Hi, Yes you can buy another resale EC once your current EC MOP of 5 years is met, it will be treated as 2nd private property. No need to sell current EC. However, you need to dispose your current EC after purchasing of resale HDB.

Can I buy a resale EC if I own a HDB?

If you already own an existing HDB flat, you cannot buy a new EC and keep that HDB as ECs are under HDB rules. The only option is to sell your existing flat six months before receiving the keys to the EC if you really want the more premium residence.

IT IS IMPORTANT:  Are ad valorem taxes real estate taxes?