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Good afternoon buyer,

Not to worry. You wont have to fulfill minimum occupation period (MOP) for resale EC purchase.

After EC fulfills their MOP, single SPR like you is eligible to purchase.

Care to share more about your requirements (number of bedrooms, preferred location) and budget so I will be in a better position to value add further?

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Good afternoon,

Resale EC are considered as private property hence MOP does not apply. However, if you choose to sell within first 3 years after purchase, you will be liable for SSD payment of 12 to 4%.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

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Hi,

A resale EC no different from a private condo. There is no minimum occupation period that you need to fulfill.

Seller stamp duty period of 3 years applies, just like all other residential properties.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

First of all congrats on your decision to make your property purchase!

First of all to answer your question, there is no Minimum Occupation Period (MOP) to fulfill when you purchase a resale EC. But there are 2 things that you need to take note though.

The first thing to take note will be Seller's Stamp Duty (SSD). Given the fact that you do not need to fulfill MOP which means you can sell anytime, you will need to note that 3 years Seller Stamp Duty applies. If you sell your property within 1st year of holding the property, the SSD will be 12% of the sale price. If within 2nd year of holdng, SSD will be 8% and within 3rd year for holding, SSD will be 4%. So chances are you may not want to sell within the first 3 years in order to maximise your gains.

Second thing to take note will be the profile of buyers when you deem that it is time for you to sell away your resale EC. As you mentioned you want to get an EC that is within 6-10 years of age, so we need to see when it is time to sell, how hold is the EC already. If we so decide to sell it off early and it is still within 10 years, then similarly only Singaporeans and PRs will be eligible to purchase. Only when the EC has reached its 11th year then we can open up to foreigners or entities like private companies.

Hope the above answered your queries and also helped you to understand a little more. My partner and I have served many clients over time and many of them have became our friends and many of them have also left testimonials for us. We were also featured by Council of Estate Agents in their newsletter for Good Client Service and personally I also won the SAEA Real Estate Excellence Silver Award for Great Client Service. We believe we will be able to provide some sound advice to you and if you do not mind, maybe we can just meet up for discuss about this and we can answer your queries if you have anymore things that you are unsure of. No worries as there are no obligations at all and we can just take it as a chat.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate District Director (Sincerus Division)
NAVIS Living Group - A group in Orangetee & Tie that believes in Technology, Training & Teamwork (3Ts)

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Hi,
There is no MOP for resale EC as it consider private condo. The 1st step to work on is to work out the financial plan. Find out the loan quantum and purchase budget. To advice you more, kindly drop me an email for me to assist you to compute the estimate loan amount.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi

No mop. you can purchase new private or resale ec.

Really depends on your requirements and preference.

Cheers
Shawn
 90294371 
ERA Read More