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May I enquire if I buy over my in law's house and be the joint owner with my wife, will the MOP restart back from day 1 or remain as MOP cleared for the 5 years? Currenlty the MOP is cleared as my wife and her mother( my in law) is the owner of the flat. They are paying the property via bank loan.
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2 Answers

Hi,

No matter who you buy over from, your MOP always starts upon completion of sales, i.e. received the keys.
Other than MOP, SSD (Seller Stamp Duty) also applicable. Though this is usually neglected because of MOP.

This is more of a transfer of ownership, or also known as 'part sale'. Since your wife is still the righful owner.

Hope the above answer to your main concerns, but if there are more queries, do not hesitate and feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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YT Tan (陈永达)
Hi there,

The MOP will restart if there's a change of ownership.

Perhaps you can approach your HDB branch office and see what they can do for you.

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