AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Could I sell my HDB flat in may 2014 if my Date Of Application was on 06 May 2009 and Date Of Purchase 27 Jul 2009? I believe when I start to look for potential buyers in May 2014, by July 2014 I am able to satisfy 5 year minimum occupation period. Is this alright? I read that the terms and conditions is that while under the 5 year minimum occupation period we are not suppose to be engaged in any form of selling agreement... but when could i actually start to sell my house? in may 2014 or in july 2014?
0 •
1044 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Geryl Lim
Replied
Dear Tulipsei,

Minimum Occupation Period starts from the day you took over possession of the unit, therefore it should be in July 2009 that it started. If you are thinking about selling, perhaps you may wish to start the process for valuation request and all in mid July 2014.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
0
Upvote Upvoted
Mike Lim
Replied
Morning,

I believe you have read your contract many times but missed out the line which states that MOP will be computated from the date of key collection.

Since your application date is in 2009, I would assume that you should be collecting the keys within 2013 to 2014. You will then have another 5 more years to fulfill.

FYI
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
Catherine PANG
Replied
Koh Zhen Hon
Replied
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

Welcome owner/Landlord to list through us

Questions ..
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Regards

Koh Z H
hp- 8 2 7 9 8 3 2 7
Cea Reg - License Number - R 0 5 7 8 1 0 C
Orangetee - L 3 0 0 9 2 5 0 K
AAG

All welcome Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions