HDB New Minimum Occupancy Period

The Government has released a series of anti-speculation measures to keep up with the private sales measure as to curb the rising cash-over-valuation (COV) syndrome that is making homes more unaffordable in the resale market.

Read the official release from HDB here


Raising the Minimum Occupancy Period (MOP) for the resale of non-subsidised HDB flats from 1 and 2.5 years to 3 years

The objective is to reinforce owner-occupancy.

Currently, lessees of subsidized HDB flats are subject to an MOP of 5 years and will still remain the same. On the other hand, lessees of non-subsidised HDB flats i.e. resale flats bought without CPF Housing Grant are subjected to the old MOP of

  1. Those who takes an HDB concessionary loan – 2.5 years
  2. Those who takes a bank loan or do not take a loan – 1 year

The newly revised MOP for resale of non-subsidised flats will be increased to 3 years, regardless of whether the buyer takes an HDB loan, a bank loan or no loan at all.

This new policy will apply to resale transactions where applications are received by HDB from 5th March 2010 (immediate) onwards.

Written by Benson Koh
Benson is a professional real estate realtor with over 11 years of experience specializing in all forms of real estate consultancy and brokeraging of different segments from regal homes to commercial spaces. Also a boutique developer, he manages both SRI5000 Developments which concentrates on landed homes as part of his land bank segment and Singapore Realtors Inc (SRI), a real estate agency which has over 7 years of group experience. You can reach him here via various channels. [ Facebook | Linkedin | Twitter | RSS Feed ]