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Hi Gurus, my HDB will only reach MOP in beginning of 2016 and I have always been looking to upgrade to condo in near future within my district (D19). However, I noted that majority or almost all of the projects within my district have been launched within this 1 year and due to myself not meeting MOP yet, I am unable to buy or indicate interest in any. Getting from resale market for these launches will probably be in year 202X as they will also need to meet their MOPs. What alternatives do I have? Will developers be willing to accept cases like mine? Thanks.
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4 Answers

Hi, condos do not have any MOP but they do have Seller Stamp Duty. Therefore, if you purchase any of these sub-sale units in 2016, their pricing will be at least 10% of what you would have paid today. If you have bought your current HDB in the open market without any grant, you are eligible to book for some of the ECs in the market as long as the TOP date of these EC are after your TOP date. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, Propnex Realty Pte Ltd. Email: propnex@me.com Hp: 81613790  Read More
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  • YY
    Sorry what do you mean by your last sentence? Means i can book ec even though mop not met?
Dear prospective upgrader, The private condo units can be sold at any point of time but the sellers will incur seller's stamp duty should they sell their units within a 4 years period from their purchase of unit, therefore your concerns are considered invalid, unless you only intend to purchase brand new unit. Even so, by 2016, those projects which are recently launched would likely be looking to TOP, therefore the timing to look into the subsale market is still very good. Visit and Like my facebook page at https://www.facebook.com/propertyblogshop Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com M.O.R.E Landed Dynamic Alliance Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Our next exhibition is on 2nd and 3rd August 2014. If you have missed out successful exhibition on 10th and 11th May, do not miss this opportunity again. Register your interest to attend this showcase event now! Read More
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  • YY
    Actually im more interested in the ec market as it is more value for money.. so my concerns still valid? Thanks
If your HDB is bought from the open/resale market and no grant was taken. Yes. You can book an EC. Read More
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Hi,

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