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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you could if you have hit the MOP. If you hasn’t, then only room rental.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Good day to you.

With the part-share purchase, can I assume that the MOP has been fulfilled?
If so, renting out the entire unit is possible. Otherwise, we will need to seek HDB approval for that.

Feel free to contact me to collaborate further.

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As per HDB's website:

Minimum Occupation Period (MOP)
You can rent out your flat after fulfilling the 5-year MOP. If your flat is non-subsidised (purchased from the open market without a housing grant) and purchased before 30 August 2010, the MOP is 3 years. Owners of Prime and Plus flats are not allowed to rent out the flat even after the 10-year MOP.

1) If you are the original purchaser, the MOP is computed from the date of purchase of the flat

2) If there has been a transfer of flat ownership, the MOP is computed from the effective date of the transfer of flat ownership, or the date the owner was included as an authorised occupier of the flat

3) After a resale of part-share, the owners have to meet a fresh MOP computed from the effective date of resale

Point (3) will probably affect you, but happy to work with you to see if you might be able to get HDB's approval.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. Feel free to reach out via my contact below!

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

If it’s an HDB flat, you’ll still need to fulfil the 5-year MOP (Minimum Occupation Period) before you can rent out the whole unit, regardless of whether you’ve just bought over your co-owner’s share and become the sole owner. The transfer of ownership doesn’t reset the MOP if you’ve already met it, but if you haven’t, you’ll need to complete the balance first.

If you’d like me to check your case in detail, feel free to PM me. Read More

How long have both of you own these unit prior to your part purchase? If you have fulfilled your MOP and is a Singapore Citizen household, you should be eligible to rent out the whole unit. Perhaps you can log into your HDB flat portal which will indicate your eligibility.

https://iam.hdb.gov.sg/common/login?spcptracking=1759155665969__b43d_2a991ee306b3 Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More