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HI,

My wife and i just move into our BTO flat this year. We have some spare cash and we are interested to get a condo for rental purpose.
1) Do we need to fulfill any MOP period before buying as we are not going to sell.
2) We are new to the property market, what is current rule for HDB owner getting a second property.
Any guru can advice?
Thanks.
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4 Answers

Hi Alan,

Unfortunately you have to fulfil your minimum occupation period (MOP) of 5 years for HDB before you can purchase a 2nd residential property. You can, however, purchase commercial property within MOP, but the loan terms maybe a bit restrictive. Thanks and hope to discuss further.

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

Email: Ivanng10@gmail.com
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YT Tan (陈永达)
Good evening Alan,

I am afraid to inform you that you are only eligible to purchase private residential property after fulfillment of minimum occupation period of 5 years.

But you are still eligible to invest in commercial or industrial property within MOP if you are keen.

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

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
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Hi Alan,

You may not be eligible to purchase a condo yet as under the HDB ruling, you will not be able to purchase a 2nd residential property within the Minimum Occupation Period (MOP).

You may wish to consider investing in a commercial or industrial property instead as some of these projects command a decent rental yield and are not subjected to the Additional Buyer Stamp Duty (ABSD).

Please contact me at 9644 4854  so that I can share with you more information!

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

Testimonial from Satisfied Clients (2015)

“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.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought through Nick) Read More
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Dear Alan,

There is something which I would like to share more with you. Can I have your email please?

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

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My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
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