There is no Minimum Occupation Period (MOP) for private properties. It only applies to HDB flats, DBSS and Executive Condominiums.
Hope this answers your question.
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There is no minumim occupational period for private properties , however should you consider to sell within the first 3 years if purchase, SSD applies. Hi there!
Private property transactions is my niche market and will be glad if you could furnish me with more information so that I can FULLY understand your requirements and specifications to be able to succinctly shortlist and come up with a customized list of units for you to view at no obligation! If you may not have already known, engaging a realtor to represent you in your purchase does not make you liable for any fees. In a nutshell, you pay nothing for my service and consultation but I assure you of handling the entire technicalities of the rental to best protect and maximize your interest.
I will walk you through the entire process, shouldering all the responsibilities- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork. I will also provide you with the rental transaction caveats and rental report to further enhance your understanding of the market sentiments.
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There is no minimum occupation period for new or resale private properties. However, Seller Stamp Duties apply if you sell within 3 years. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Contact: (+65) 97432395
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There is no minimum occupation period for private residential properties.
If you are looking to purchase a private residential property now, you need to take note that should you decide to sell within the first 3 years after exercising the Option To Purchase, seller's stamp duty is applicable.
If you are currently an owner of a private residential property and looking to sell, seller's stamp duty maybe applicable depending on which date did you purchase the property.
Are you planning something big? Perhaps we can look even further on how much savings can you work on for the right decisions made.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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There's no MOP applicable for private property purchase unlike HDB.
But do take note that if you wish to sell within 3 years of ownership, you will be subject to seller's stamp duty.
within 1 year - 12%
within 1 to 2 years - 8%
within 2 to 3 years - 4%
Hope my explanation helps!
May I know how can I value add into your property purchase?
Hear from you soon!
- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-
YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
(FB): www.facebook.com/yt.tan91115171/ Read More
Minimum Occupation Period (MOP) does not apply for private residential properties. There is no need for you to stay for xx years in them, and you can have the choice to rent out the unit upon getting the keys.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.
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Minimum Occupation Period is not applicable to private properties such as condos. However, there is a Seller's Stamp Duty that you will be liable if you were to sell your property within the 3 years period.
Therefore, ideally you should hold your property for more than 3 years before selling to maximise your returns.
Please feel free to contact me if you need further assistance!
(M) +65 9644 4854
Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“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.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More