WebApr 4, 2024 · New HDB flats (including BTO, Executive Condominium (EC), and Design, Build and Share Scheme (DBSS)) Five years: New HDB flats under the HDB PLH Model: 10 years** Resale HDB flats* (2-room or bigger, applied on or after 30 August 2010) Five years: SERS flats: Five years after receiving the keys: WebNov 4, 2024 · Buying a new BTO flat is $150,000 cheaper than an HDB resale flat in the same location, and there is upside potential after MOP, notes Lim. The selling price could be $200,000 higher than the original purchase price. However, it comes after a 10-year wait.
Future owners of prime area BTOs to face 10-year minimum …
WebDec 15, 2024 · It can be longer: Flats under the Prime Location (PLH) Public Housing scheme have a 10-year MOP. You can check your flat’s MOP here. Here’s the full list of BTO projects reaching MOP in 2024 We’ve … WebFeb 7, 2024 · The government recently announced a 10-year Minimum Occupancy Period (MOP) under the Prime Location Public Housing (PLH) initiative. What does the model entail, and is this a hindrance to BTOs at prime locations? by Wendy Ker / February 7, 2024. Singapore high density residential area skyline in forest ... brantley burnett
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WebJan 30, 2024 · Essentially, the MOP is a period of time that an HDB property owner is required to physically occupy the property before they can rent or sell the entire flat. In Oct 2024, HDB introduced a new Prime Location Public Housing scheme (PLH) with an unprecedented MOP of 10 years, double the duration of regular Build-to-Order (BTO) flats. WebApr 13, 2024 · SINGAPORE: Buyers of future Build-to-Order (BTO) flats in prime locations will face a longer minimum occupation period (MOP) of 10 years, as part of a new model meant to keep housing in these locations accessible for Singaporeans, said authorities on Wednesday (Oct 27).. This 10-year MOP – which is how long owners must occupy their … WebMay 27, 2024 · – 10-year MOP instead of five years – No renting out the whole flat – Subsidy Recovery, on top of the existing resale levy – Tighter eligibility requirements – … brantley burns md