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Good morning investor,

I am afraid to inform you that you have to fulfill your MOP first before you are eligible to purchase a private residential property in Singapore.

Alternatively you can look at commercial or industrial property.

Hope my explanation helps!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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Hi,

Unfortunately no, you can only purchase 2nd residential property after your MOP of 5 years is met. Thanks and hope to value-add to your housing plans further when you are ready.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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(Client's Testimonials) Read More

Dear Sir/Mdm,

For your case, you can only purchase your second property after you have fulfilled the Minimum Occupation Period (MOP) of your current Executive Condominium. (EC). This is also regardless of the TOP of your second property.

If you have an appetite for investment, then maybe you can consider commercial or light industrial properties as they are not being affected. If you have any queries or things that you are not sure about, you can call me for a chat and I can share a little more with you on the current market sentiments and see when is a good time to enter the market and stuff.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Division Director (Sincerus Division)
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Afternoon,

EC that have not fulfilled MoP falls under HDB ruling. Hence you will have to complete it to be eligible for purchase on your second property.

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

Hi investor,

You can only make the purchase after the MOP of your EC; do consider commercial property as they wouldn't be affected, and there's no ABSD - I have a couple of good units on hand.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi Sir/Mdm,

I hope the other salesperson have managed to clear your doubts. I have a few commercial units on hand which are generating very good return yields. Please feel free to contact me so that I can understand your needs further and share with you more information.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
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“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Dear sir/madam,

As what my fellow professionals have indicated, you will need to wait out until MOP has been fulfilled before being eligible to purchase a 2nd property.

Should your intention to purchase a 2nd property is for investment, they have also presented an option of purchasing commercial or industrial property now to realise that aspiration. Do take note that unless you purchase resale properties for commercial or industrial properties from private owners, 7% GST will usually be incurred for such properties.

There are still other avenues in terms of real estate investment if you explore further but all investments require due diligence to be done prior to committing the funds.

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Geryl LIM
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Hi,

Re: Our Preferred SG Professional- Agent.myweb.sg & Agent.irealtor.sg

EC like HDB, MOP started from the date you collected the key. 5 years MOP

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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