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Dear Gurus,

I'm currently living in a HDB flat and will be reaching my 5 year Minimum Occupation Period by 1st May 2012. If I'm interested in purchasing a private property, when can I pay the deposit for the property? I understand there is a period (8 weeks) before I exercise the OTP and sign on the sales agreement? Working backwards, does that meant I can pay the deposit end February 2012 and exercise OTP and sign sales agreement in 1st May?

Any expert advice will be appreciated! Thanks in advance.
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1 Answer

Mike Lim
Replied
Afternoon PS,

Firstly, it would be prudent to write in to confirm your MOP date. Secondly, Exercise period is 14 days from Option. The completion of transaction is about 12 weeks from submission.

FYI
Mike Lim
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