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Hello Gurus

I am staying in an EC that will MOP soon. I am thinking to move out where i am staying now and rent at another location. I might be able to rent my place so that i can use the proceed to pay for the rental at the other locations.

I have two questions
1) is it correct that once the EC reaches 5 years, I can rent the whole unit?
2) as the EC will only MOP in the next 6-7 mths, I can only rent 2 out of the 3 beds room without me staying in the house?

Thank you.
Confuse owner.
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4 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you are right. Once you hit the MOP of your EC unit, you will be eligible to rent out the whole unit.

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

Once the MOP of 5 years are reached and fulfilled, you can rent out the whole unit without staying there. If its still within the MOP period, you need to be staying in the EC, and can only rent out the rooms.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
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Tan Pei Cheng (Pei)
Hi,
You will have to fulfill MOP before you can rent out the whole unit.
Alternatively you can rent out rooms while you are physically occupying the unit.
Feel free to contact @ 97100155 
Pei ERA Read More
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