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I am Singaporean, currently located overseas for work but have reached the age of 35. I would like to buy the flat as a single Singaporean. Would I be required to commence MOP from the point of getting the keys or can the MOP be suspended and commence upon my return to Singapore?
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2 Answers

YT Tan (陈永达)
Good morning Christopher,

MOP will only commence when you physically occupy the unit.

Will you be keen in private property instead? You can rent it out while overseas and theres no MOP restriction.

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Hi Christoper,

You will need to physically occupy the HDB to fulfill the 5 years Minimum Occupation Period.

You may want to consider investing in a private property instead as you will be able to rent it out immediately upon purchase or you may purchase those under construction so that it will only be ready 2-3 years down the road.

It will be a better option as compared to HDB as you will be able to generate rental income immediately and it may offer more upside capital appreciation potential as compared to HDB.

Please feel free to contact me so that I can share with you further on the market outlook and provide you with further assistance!

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 (2016)
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“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.”
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