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Hi,
If you bought your resale unit last year, there is a MOP of 5 years. As such, if you are in a tight situation, I would advise you to contact HDB area office and discuss with them. They are the only ones who can advise you right now as all approvals must come from HDB before you can sell or buy the next unit.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

You will need to hold the unit for 5 years (Minimum Occupation Period) before you are eligible to sell it and purchase a smaller resale unit.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
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Hi, appreciate your sharing. It requires to await 5 years MOP from your current place, before able to sell or purchase.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

I regret to inform you that you will need to fulfill the 5-year MOP before you can sell your current flat, or buy another residential property.

However, if you do have very valid reasons, you may wish to write in an appeal to HDB. Do take note that SSD will still apply if you sell your property within less than 3 years of holding.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Hendrick,

1) There are 2 issues you have to note:
(a) 5 yrs MOP
(b) Seller Stamp Duty (SSD)
2) You must have a strong and valid reason why you wish to let go of the current flat. Writing to the HDB to get a black-and-white answer is a must.
3) You will incur 12% SSD if you own the flat for less than 1 whole year, and 8% if step into the 2nd year.
4) You will suffer a negative sale once you get slapped by this SSD when selling at the market rate.
5) Last thing to note is after the 30 Sep 2022 cooling measure is implemented, the hope of getting a COV is almost impossible.
6) The current HDB flats are mostly transacted at market rate.
7) Although there are still millions dollars HDBs sold. These flats are mainly DBSS or very new flats located in a very good location.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,
MOP of 5 years must be met before you can sell your flat.
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More