AskGuru Q&A Community

Question

Home Buying

Asked by Zack 9 Mar 2013

What is the Minimum Occupancy Period.I already fully paid my flat in May 2011 and intend to sell it.

1409 views

Upvote Upvoted

3 Answers

Previously Asked Questions

Wesley Lim · Answer 1 · 2013-03-10T11:15:36+08:00

Wesley Lim

Replied 10 Mar 2013

Hi, Zack

The minimum occupancy period (MOP)is 5 years. If you have fullfilled it, you can put it on the market for sale. If you intend to find out more about your valuation or selling price of your flat, please feel free to contact me at 9022-7272 .

Regards

Wesley Lim
Assoc Branch Director
Propnex Realty Pte Ltd
HP: 9022-7272 Read More

Upvote Upvoted

Mike Lim · Answer 2 · 2013-03-10T14:08:49+08:00

Mike Lim

Replied 10 Mar 2013

Afternoon Zac,

Minimum Occupation period is the number of years you are required to stay in the unit before you at eligible to sell it off or purchase your second property. This would however differ based on your key collection date and whether grant have being utilized. It ranges from 3 or 5 years.

Do feel free to contact me for further discussion.

Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More