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Only the entire unit may be rented out or sold after MOP.

Owners are permitted to rent rooms (minimum 3-room or more extensive) during MOP as long as they continue to live in the apartment. This means the other bedrooms can be rented out if the owners inhabit at least one. The room occupants must adhere to HDB regulations and maintain a valid pass for six months. Here you will get to know how to sell hdb before mop as well as how to sell hdb after mop.<br>

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Only the entire unit may be rented out or sold after MOP.

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  1. Only the entire unit may be rented out or sold after MOP. Owners are permitted to rent rooms (minimum 3-room or more extensive) during MOP as long as they continue to live in the apartment. This means the other bedrooms can be rented out if the owners inhabit at least one. The room occupants must adhere to HDB regulations and maintain a valid pass for six months. Here you will get to know how to sell hdb before mop as well as how to sell hdb after mop. The HDB does occasionally perform spot checks. Failure to comply with the MOP requirement may result in the forced acquisition of the home. The illegally obtained rental income won't be enough to compensate for the loss of the $100,000 home. Owners must have finished the Minimum Occupation Period to upgrade to a private property condo or rent out HDB to generate rental income (MOP). The MOP is determined starting from the day you receive the keys. Logging into My HDB or the HDB Resale Portal will allow you to check if your MOP has been finished.

  2. With Exception Cases, Can Sell Within MOP In a few specific circumstances, owners may be permitted to sell their homes in the open market while still fulfilling the MOP requirement. Cases involving divorce, bankruptcy, inability to pay a loan, a terminal illness, renunciation of citizenship, or a permanent move abroad This is examined on a case-by-case basis, and HDB would need a mountain of supporting documentation to approve special sales. Even with a good reason, obtaining special authorization to sell an HDB apartment is not simple before the required five years have passed. The Minimum Occupation Period has the noble goal of stabilizing the market for HDB and EC real estate prices. Before being able to list their homes for sale on the general market, owners must wait five years of MOPupgraders and three years of the building phase. Please refer to this article to determine whether or not it is wise from an investment standpoint to hold HDB or EC property for an extended period. From 2020 onward, more than 20,000 HDB flats annually will exit their minimum occupation period, according to the projected chart above. When the time and opportunity are correct, should you upgrade to private property or maintain holding your new MOP unit?

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