does it have 5 years MOP to fulfil?
3 Answers
1) Are you referring to an HDB flat or private property?
2) I would assume you are referring to private property since HDB can only be inherited and not gifted.
3) There are no restrictions on when you can sell a gifted property, but no one who understands the implication will buy from you.
4) 2 main reasons why no one will buy are:
(a) Cannot receive any loan from any financial institutions.
(b) Creditors are able to crawl back the property if the donor went bankrupt within 3 years.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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There is no MOP for private properties. You can sell off the property anytime, though you may be subjected to SSD if you sell within 3 years.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More