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HDB Questions

Asked by Mr. ROYCE LAU 2 Sept 2014

hi agents, i understand that there is a Minimum Occupation Period of 5 years for hdb before you can sell. but can i do the valuation, go through the selling process stopping short of the paper work prior to that date ?

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5 Answers

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YT Tan (陈永达) · Answer 1 · 2014-09-02T17:57:14+08:00

YT Tan (陈永达)

Replied 2 Sept 2014

Good afternoon Royce,

You can only issue option to purchase after fulfilling MOP and 7 days after submitting the resale checklist to HDB.

In addition, nowadays only buyers can apply for valuation after agreed on the sale price with sellers. Sellers are not eligible to apply for valuation anymore.

Seems like you might not be familiar with the current HDB rules and regulations. If you need any assistance in your property sale, feel free to contact me.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

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Aaron Chong · Answer 2 · 2014-09-02T18:03:21+08:00

Aaron Chong

Replied 2 Sept 2014

Hi Royce, the contract has to be after the MOP of the unit you are staying. But what you could do is to allow the agent to market your unit first, and to further advice keen buyer on the MOP date before any signing is done.

Regards
Aaron
97308455
aaronchong2774@yahoo.com.sg Read More

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Ivan Ng · Answer 3 · 2014-09-02T18:07:25+08:00

Ivan Ng

Replied 2 Sept 2014

Hi Mr. Royce,

As discussed only buyers can apply for valuation with valid Option to Purchase (OTP), and OTP can only be issued after MOP by seller, so unfortunately theres no workaround on this.

May I understand your housing plans further and give you an idea whether it's worthwhile to sell? Will be glad to hear from you and share the recent nearby transacted prices. Thanks!

Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com Read More

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Mike Lim · Answer 4 · 2014-09-02T18:49:07+08:00

Mike Lim

Replied 2 Sept 2014

Evening Royce,

To be eligible to issue OTP, you must have submitted your resale checklist. If your unit have not fulfilled MOP, you will not be able to get this done. Hence to get the valuation done by the buyer, you might be still fall short of certain procedures.

FYI
Mike Lim
96929209
m52i@yahoo.com
ERA Read More