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HDB Questions

Asked by nelson veng 24 Mar 2012

I recently bought a condo but like to rent out my fully paid up flat with already MOP of 10 years, is there any rules and regulations I should know?Some say I cannot rent out my flat? why?

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Mike Lim · Answer 1 · 2012-03-25T13:43:18+08:00

Mike Lim

Replied 25 Mar 2012

Afternoon Nelson,

Since you have your HDB unit for 10 years, it's most likely that you have fulfilled MOP. To rent it out, all you need to do is to apply from HDB for the approval.
Once the approval is out, you can apply for 4% property tax for your condo, which you are likely to stay in while your HDB will incurred 10% property tax and income tax. Read More

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Mike Lim · Answer 2 · 2012-03-25T13:43:18+08:00

Mike Lim

Replied 25 Mar 2012

Afternoon Nelson,

Since you have your HDB unit for 10 years, it's most likely that you have fulfilled MOP. To rent it out, all you need to do is to apply from HDB for the approval.
Once the approval is out, you can apply for 4% property tax for your condo, which you are likely to stay in while your HDB will incurred 10% property tax and income tax. Read More

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