what is mop

The Minimum Occupation Period (MOP) was set up by the HDB in 1971 to curtail quick turnover of public flats by owners who were looking to make an easy profit. 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.

What is MOP Singapore?

HDB’s MOP stands for Minimum Occupation Period, during which you cannot sell your flat, rent it out in full, or buy another private property. It is typically 5 years and applies to both BTO and resale flats.

Can I apply for BTO during MOP?

Can You Apply for BTO or EC Before MOP? No, you cannot. Even though it may take another few years for the BTO/EC to be built, you can only begin applying after the 5-year MOP.

Does condo have MOP?

Minimum Occupation Period (MOP) To be able to upgrade to a condo or landed property from your HDB flat, you need to have completed the Minimum Occupation Period (MOP) for your HDB flat. Typically, you need to have been living in your HDB flat for a minimum period of 5 years before you can upgrade to private property.

Can I rent out my HDB flat before MOP?

First, the flat owner must fulfill their minimum occupation period (MOP) before they are allowed to rent out their entire HDB flat. This is five years for both new BTO flats and resale flats. If the flat owner only wants to rent out the bedrooms, there is no MOP requirement.

Can rent during MOP?

During the MOP timeframe, you can’t rent out your whole flat or purchase any form of private property. However, as long as you live in your flat and occupy at least one bedroom, you can rent out any of the extra rooms.

Can you buy private If you own HDB?

Yes you can buy a private property if you own a HDB. It may be a good investment for those who are thinking to go into property investment. You don’t have to sell your HDB and buy 2 condominiums in order to rent it out.

Is there MOP for resale HDB without Grant?

#5 1-Room Resale Flat Purchased Without CPF Housing Grant Do Not Have MOP. For buyers that have purchased a 1-room flat from the resale market without using CPF housing grant, they would not need to abide by any MOP rules.

Can I rent a condo during MOP?

Hi Jun Hao, You can stay in a rented private condo, but take note that you are supposed to stay 5 years in your HDB to fulfill your MOP requirements.

Should I sell my BTO after MOP?

The MOP is usually 5 years for most HDB properties including Executive Condominiums. Until you have reached this MOP, you are obliged not to sell your property on the open market or rent out the entire unit.

Can I buy before MOP?

You need to fulfil the MOP period of 5 years before you can purchase another residential property. If you are SC, you can buy private and keep both hdb & private, provided your finances are comfortable.

Can I sell my HDB flat after 5 years?

Minimum Occupancy Period: What you can do with your flat after the 5-year period ends. The Minimum Occupancy Period or MOP means flat owners can’t sell or rent out their property for five years.

Can I apply for 2nd BTO before MOP?

Can You Apply for BTO or EC Before MOP? No, you cannot. Even though it may take another few years for the BTO/EC to be built, you can only begin applying after the 5-year MOP.

Can I inherit my parents HDB?

Yes, you can inherit your parent HDB flat. However, do take note that as your parents flat was a “subsidised flat” bought directly from HDB, you will need to sell off your private properties within 6 months upon the HDB flat inheritance.

Can HDB MOP buy condo?

Only Singapore Citizens have the privilege of owning an HDB flat and private condo at the same time. But they still need to comply with the MOP before they are allowed to purchase private residential property.