Asked by jtwt80
Hi
I am considering a resale EC that is between 5-10 years old. Based on the HDB website I am a bit confused:
1) Is the MOP 5-rule similar to the normal HDB resale situation(5 years begins from resale date), or does the MOP only apply from the TOP date?
e.g. If the EC has TOP date in 2005, and I buy resale EC in 2010, does the MOP still apply to me for next 5 years from my purchase date?
2) After 10 years, I understand that the EC becomes private property. Resale is not restricted to SC and SPR only.
At that point, Are there any further constraints from HDB, e.g. MOP ?
Thanks for your help in clearing this one up!
I am considering a resale EC that is between 5-10 years old. Based on the HDB website I am a bit confused:
1) Is the MOP 5-rule similar to the normal HDB resale situation(5 years begins from resale date), or does the MOP only apply from the TOP date?
e.g. If the EC has TOP date in 2005, and I buy resale EC in 2010, does the MOP still apply to me for next 5 years from my purchase date?
2) After 10 years, I understand that the EC becomes private property. Resale is not restricted to SC and SPR only.
At that point, Are there any further constraints from HDB, e.g. MOP ?
Thanks for your help in clearing this one up!
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