Asked by Anonymous
Hi may i know what is the difference of TOP date and lease commence date?
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6 Answers
Hi,
TOP date is the date which the building or development achieves official TOP status from BCA (or in layman terms temporary occupation permit or able to shift in for own use). This can differ from the lease commencement date as it starts from the date the land is tendered successfully from the government or in less typical cases, other vendors such as developers.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More
TOP date is the date which the building or development achieves official TOP status from BCA (or in layman terms temporary occupation permit or able to shift in for own use). This can differ from the lease commencement date as it starts from the date the land is tendered successfully from the government or in less typical cases, other vendors such as developers.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi there,
If you're referring to HDB, lease commencement date is the date the first owner took the key from HDB; for private lease commencement date is the start date of the leasehold of the land.
TOP date is the date keys are ready for collection in layman terms.
Feel free to contact me for further discussion.
Cheers,
Teck Chuan, Ng
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602 Read More
If you're referring to HDB, lease commencement date is the date the first owner took the key from HDB; for private lease commencement date is the start date of the leasehold of the land.
TOP date is the date keys are ready for collection in layman terms.
Feel free to contact me for further discussion.
Cheers,
Teck Chuan, Ng
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602 Read More
Hi,
TOP date is the date where the Development achieve its Temporary Occupation Permit, i.e collect keys to the apartment.
Lease commencement is the date where leasehold tenure starts, i.e Developer bought the land under GLS.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
Should you need require 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
TOP date is the date where the Development achieve its Temporary Occupation Permit, i.e collect keys to the apartment.
Lease commencement is the date where leasehold tenure starts, i.e Developer bought the land under GLS.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
Should you need require 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,
1) TOP: Temporary Occupation Permit. It means BCA (Building & Construction Authority) issues a permit to allow the developer to release to owners to shift in, which means all basic facilities such as electricity, water, etc are safe for consumption.
The other critical item is CSC (Certificate of Statutory Completion), which usually issue by BCA to state that developer had built according to specifications. This usually will only issue 1 year or 3 years dependent on the size of the development.
2) Lease Commerce date: This is more applicable to 99 years lease land or less. Freehold land usually not particular when the lease commenced. Anyway, the first commence date properly is more than one hundred years ago.
This is when the land is successfully acquired by a developer from GLS (Government Land Sales) or through en-bloc the old building. Although under en-bloc the land already used up certain years, the developer will usually top up the lease to 99 by paying a fee via URA.
3) It is common in private development that usually launch date is around 1 year after land commencement. Because the developer has to seek approval from URA on the design.
The TOP date is usually 3 years upon the launch date.
4) HDB flats do not have such complicating issue. The lease commencement date for HDB is the day buyer collects the key. HDB usually calculates MOP according to year and not months. So you might collect your key in Q4, but the following year is considered as 1 year.
However, MOP is still controlled by HDB, thus they can change anytime. In order to ensure you had met the MOP, you will have to confirm with HDB. You may check whether you had met your MOP via HDB branches.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
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1) TOP: Temporary Occupation Permit. It means BCA (Building & Construction Authority) issues a permit to allow the developer to release to owners to shift in, which means all basic facilities such as electricity, water, etc are safe for consumption.
The other critical item is CSC (Certificate of Statutory Completion), which usually issue by BCA to state that developer had built according to specifications. This usually will only issue 1 year or 3 years dependent on the size of the development.
2) Lease Commerce date: This is more applicable to 99 years lease land or less. Freehold land usually not particular when the lease commenced. Anyway, the first commence date properly is more than one hundred years ago.
This is when the land is successfully acquired by a developer from GLS (Government Land Sales) or through en-bloc the old building. Although under en-bloc the land already used up certain years, the developer will usually top up the lease to 99 by paying a fee via URA.
3) It is common in private development that usually launch date is around 1 year after land commencement. Because the developer has to seek approval from URA on the design.
The TOP date is usually 3 years upon the launch date.
4) HDB flats do not have such complicating issue. The lease commencement date for HDB is the day buyer collects the key. HDB usually calculates MOP according to year and not months. So you might collect your key in Q4, but the following year is considered as 1 year.
However, MOP is still controlled by HDB, thus they can change anytime. In order to ensure you had met the MOP, you will have to confirm with HDB. You may check whether you had met your MOP via HDB branches.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
Certainly! The TOP (Temporary Occupation Permit) date refers to the point when a building or development is completed and deemed fit for occupation. It signifies that the property is ready for residents to move in. On the other hand, the lease commencement date marks the official start of the lease period for the property. It’s the date from which the lease tenure begins, regardless of whether the property is occupied or not. In summary:
TOP Date: Indicates completion and readiness for occupancy.
Lease Commencement Date: Marks the official start of the lease period. Read More
TOP Date: Indicates completion and readiness for occupancy.
Lease Commencement Date: Marks the official start of the lease period. Read More
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