AskGuru Q&A Community

Hi,

There are a few possibilities. It could be that the Sellers had put up the property on the market to "gather interests" first, and once a Buyer is found, they will be "ready" to issue the OTP once the 5-year MOP is met. For this scenario, the only eligibility condition the Buyers will have to meet is they will need to be Singapore Citizen or Permanent Residents, as Foreigners are not able to purchase a resale EC that is only been 5 years old.

In other possible scenarios, it could be a divorce case, and the Sellers are no longer able to hold onto the EC, hence they will have to sell if off even before the MOP is met. In this case, the Buyers of the unit will have to fulfill all eligibility conditions in order to purchase such a unit, much similar to the conditions when purchasing from the Developer.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your home search. 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, are both you and your spouse a local or PR pls?

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir/Madam

(1) Normally seller tends to put unit to market 2-3 months before MOP taking into consideration time to market the unit. Once buyer confirmed the unit, then they will put on actual date of MOP ..

(2) no income ceiling for resale EC..

Hope I have answered all your queries..

Thanks.

Raymond Lim
CCN Realty Pte Ltd
 91388805 
Email: raymondshaq@hotmail.com Read More

Hi,

If you are buying the resale EC after MOP is met, there is no income ceiling eligibility to be met. No need to base on EC eligibility conditions.

I am currently marketing units at Austville and Belysa and will be happy to share further. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More