No, the Minimum Occupation Period (MOP) does not restart when a flat is inherited.

The Minimum Occupation Period (MOP) does not restart when an HDB flat is inherited.

does hdb mop restart when flat is inherited?

Does HDB MOP restart when flat is inherited

Several Executive Condominium (EC) launches are anticipated in Singapore in 2025:

- **Aurelle of Tampines**: Near upcoming Tampines North MRT station.
- **Plantation Close**: Situated in Tengah.
- **Jalan Loyang Besar**: Located in Pasir Ris, near Pasir Ris Park and Downtown East.

Approximately 2,030 new units expected.

do you have recommendation on property with my below requirements?

Can you recommend a property based on my requirements

Certainly! Here is a breakdown of all the payments for the first 3 years for a new launch condo priced at S$1.9 million:

1) **Exercising the Option / Paying the Booking Fee:**
   - **Timeframe:** Upon exercising the option
   - **% of Purchase Price:** 5%
   - **Amount:** S$95,000
   - **Payment Mode:** Cash, cannot be supplemented using CPF or a bank loan.

2) **Signing the Sale and Purchase (S&P) Agreement to exercise the OTP:**
   - **Timeframe:** Within 3 weeks of receiving the agreement

3) **Buyer's Stamp Duty (BSD):**
   - **Timeframe:** Within 14 days of signing the S&P Agreement
   - **% of Purchase Price:** 1% of first S$180,000, 2% of next S$180,000, 3% of the next S$640,000, 4% of the next S$500,000
   - **Amount:** S$56,600
   - **Payment Mode:** Cash/CPF

4) **Downpayment:**
   - **Timeframe:** Within 8 weeks of exercising the option
   - **% of Purchase Price:** 15%
   - **Amount:** S$285,000
   - **Payment Mode:** Cash/CPF

5) **Legal Fees:**
   - **Amount:** ~S$3,500
   - **Payment Mode:** Cash/CPF

6) **Valuation Fee:**
   - **Amount:** ~S$400
   - **Payment Mode:** Cash/CPF

**Next are the construction milestones:**

7) **Foundation of Work:**
   - **Timeframe:** ~6 – 9 months from launch
   - **% of Purchase Price:** 10%
   - **Amount:** S$190,000
   - **Payment Mode:** Cash and/or bank loan

8) **Reinforced Concrete Framework:**
   - **Timeframe:** ~6 – 9 months later
   - **% of Purchase Price:** 10%
   - **Amount:** S$190,000
   - **Payment Mode:** Cash and/or bank loan

9) **Brick Walls of Unit:**
   - **Timeframe:** ~3 – 6 months later
   - **% of Purchase Price:** 5%
   - **Amount:** S$95,000
   - **Payment Mode:** Cash and/or bank loan

10) **Ceiling of Unit:**
    - **Timeframe:** ~3 – 6 months later
    - **% of Purchase Price:** 5%
    - **Amount:** S$95,000

11) **Door and Window Frames, Wiring, Internal Plastering and Plumbing:**
    - **Timeframe:** ~3 – 6 months later
    - **% of Purchase Price:** 5%
    - **Amount:** S$95,000

12) **Car Park, Roads and Drains Serving the Project:**
    - **Timeframe:** ~3 – 6 months later
    - **% of Purchase Price:** 5%
    - **Amount:** S$95,000

**Lastly, the completion milestones:**

13) **Notice of Vacant Possession (TOP Date):**
    - **Timeframe:** TOP Date
    - **% of Purchase Price:** 25%
    - **Amount:** S$475,000

14) **Legal Completion (CSC Date):**
    - **Timeframe:** Date of legal completion/certificate of statutory completion (CSC)
    - **% of Purchase Price:** 15%
    - **Amount:** S$285,000

This breakdown covers the payments you would need to make for the first 3 years for a new launch condo priced at S$1.9 million.

Breakdown for S$1.9M new launch condo: 5% booking fee (S$95K), BSD (S$56.6K), 15% downpayment (S$285K), legal (S$3.5K) & valuation fees (S$400), progressive payments by construction milestones—click for more.

for a new launch condo if the price is 1.9m give me the breakdown of all the payments for my first 3 years

Please provide a breakdown of all the payments for the first 3 years for a new launch condo priced at 1.9 million

As of January 2025, competitive home loan packages in Singapore include:

### Fixed Rate Loans
- **DBS**: 3-year fixed at 2.55%, 3-year lock-in, minimum loan $700,000, cash rebate $2,000-$2,800.
- **OCBC**: 2-year fixed at 2.65%, 2-year lock-in, minimum loan $400,000, cash rebate $2,000-$2,800.

### Floating Rate Loans
- **DBS**: 3-month SORA spread as low as 0.55%.

Consider the lock-in period, interest spreads after lock-in, and legal subsidies when choosing.

Payment process for new launch condos includes a booking fee (5% cash), signing S&P, payment of BSD, 15% downpayment, legal and valuation fees, then progressive stage payments tied to construction milestones, with final payments at TOP and CSC.

What is the payment process for a new condo launch

Yes, combining names to buy a landed property can be wise if a couple owns one property each. This strategy can help manage the count of properties owned and potentially optimize tax implications. However, it is advisable to seek professional advice to understand all legal and financial aspects.

Combining names to buy a landed property can help couples manage property count and optimize taxes, but professional advice is recommended to understand legal and financial implications.

is it wise to combine names to buy a landed if couple owns 1 property each

Is it wise to combine names to buy a landed if a couple owns 1 property each

No, the new cooling measure will not affect you if you have an option for a unit but haven't exercised it yet. The cooling measure typically applies to new transactions and not to those who have already been granted an Option to Purchase. 

It's always best to check the specific details of the cooling measure to ensure you are fully informed.

The new cooling measure won't affect you if you already have an Option to Purchase but haven't exercised it yet, as the measure applies to new transactions. Check specific details for full clarity.

if i have option for a unit but haven exercise. but new cooling measure is out, will it affect me?

Will the new cooling measure affect me if I have an option for a unit but haven't exercised it yet

No, a household with no Singapore Citizen (SC) owner will have to wait 3 years from the date of obtaining Permanent Resident (PR) status before they can buy a resale flat. Additionally, at least one listed occupant must be an SC or PR. 

For more details, you can visit <a href="https://www.edgeprop.sg/property-agents">EdgeProp.sg</a>.

Two PRs must wait 3 years after obtaining PR status before buying a resale HDB flat; one can be owner and the other occupier, but no new flats and no purchase before 3-year wait.

can 2 pr buy hdb as one owner and one occupier ?

Can 2 PR buy HDB as one owner and one occupier

No, you are prohibited from buying residential property abroad until you have fulfilled the Minimum Occupation Period (MOP) on your current HDB flat. This rule applies only to residential overseas property. If you want to buy a shop or an office overseas, you can do that whenever you like.

Singaporeans cannot buy residential property abroad, including Bali, until fulfilling the HDB flat's Minimum Occupation Period (MOP); commercial overseas properties can be purchased anytime.

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