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If my HDB will reach the MOP in August 2023, can I start looking for new / under-construction condo or landed homes which will TOP in 2024? If I see a property I like can I purchase it first? Or I can only do all these after August 2023
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7 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, you could only purchase the next property upon its MOP itself and in this case it would be in August 2023.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Good morning,

Yes you can start the house search and viewings anytime, and in fact its good to commence now and speak to an agent to do some advanced planning for the finances and potential options available.

However you can only do any purchase paperwork officially after your MOP date is met. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Hi,
You are not allowed to legally enter into an agreement before the completion of your MOP. But, you can lookout for a suitable home now. However, I would advise you to engage an agent to assist you find the perfect home as we have access to associate networks that can assist buyers and sellers for properties that are not listed online.

As a buyer, you do not pay a fee to agents as well. So, why struggle alone when I can help you. Do contact me soonest.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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YT Tan (陈永达)
Good morning Sir/ Mdm,

Sorry to inform you that based on HDB regulation, you are only able to commit to a purchase on or after your MOP date.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Hi Sir/Mdm,

Within the MOP, you will not be able to purchase a private residential property and therefore you can only do so after Aug 2023. If you wish to avoid paying the 17% Additional Buyer Stamp Duty (ABSD), then we will need to plan the sale and purchase together upon MOP so that you are able to minimise your cash outlay as well.

Please feel free to contact me so that I can give you an overview of the process and explain to you the steps involved in details.

Regards,
Nick Tan
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