Asked by
Hi there. we are a married couple with 1 child and currently we are staying in Telok Blangah area, as that area don have much choice for school hence we are thinking to shift. From our understanding as what we first bought was a resale hence we need to keep it for 5years before we can sell it away is that right?
And also we bought a 4room flat can we downgrade to a smaller unit or do we have to get the same kind of unit?
0
353 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Evening,

For the MOP requirement, that would depend on when you have collected the keys for your unit. If you have collected your keys before 5 March 2010, your MOP is only 1 year, with bank loan. If you have collected your keys between 5 March 2010 to 29 Aug 2010, your MOP is 3 years.

As whether to upgrade or downgrade upon your sales, there's no restriction.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions