Hi, I have a 4I unit on sale at Blk 52 New Upper Changi Rd.
Its 5 min walk to Tanah Merah MRT, near market, cofeeshops and schools.
Valuation not done. VTO.
Any queries Call Azli
Phone:98788042
Email: mohd_azli@hotmail.com
Thursday, November 30, 2006
Bishan blk 205
Hi, i have a unit in bishan blk 205 on sale
valuation not done yet. asking at 330k(neg)
any queries call Azli
Phone :98788042
Email :mohd_azli@hotmail.com
valuation not done yet. asking at 330k(neg)
any queries call Azli
Phone :98788042
Email :mohd_azli@hotmail.com
Selling Your Flat
Minimum Occupation Period
Minimum Occupation Period (MOP)
HDB flat owners must have physically occupied their flats for a period of time, referred to as Minimum Occupation Period - MOP, before they are eligible to sell it on the open market. The period will depend on the mode of purchase, the mode of financing and the flat type. If the flat owners have sublet the whole flat, the period of subletting will not be included in the computation of MOP.
A list of the requisite MOP is shown below:
(a) 1-Room and HUDC Flat
No occupation period for owners owning 1-room flat or HUDC flat.
(b) Direct purchase flat and Flat bought under the CPF Housing Grant Scheme
5 years from effective date of purchase.
(c) Flat bought under Selective En bloc Redevelopment Scheme (SERS)
7 years from date of flat selection (provided seller has taken possession of the replacement flat) or 5 years from effective date of possession of replacement flat, whichever is earlier and subject to HDB's prevailing policies.
If there is any period of subletting of the entire replacement flat (subject to HDB's prior approval), the MOP will be extended to make up for the subletting period. Flat owners who had enjoyed the SERS benefits more than once are not allowed to sell the replacement flat.
(d) Resale Flat bought in the open market (without CPF Housing Grant Scheme)
2½ years from effective date of resale if the owner takes a loan from HDB:
1 year from the effective date of resale if
i. the owner has not taken a loan from HDB; or
ii. he has refinanced HDB market interest rate loan with the bank/financial institution; or
iii. he has taken a loan from the bank/financial institution to finance the purchase; or
iv. he has fully redeemed the market interest rate loan obtained from HDB.
You may submit an e-Request on
Confirmation on the Computation of Requisite Occupation Period for the purpose of resale.
Minimum Occupation Period (MOP)
HDB flat owners must have physically occupied their flats for a period of time, referred to as Minimum Occupation Period - MOP, before they are eligible to sell it on the open market. The period will depend on the mode of purchase, the mode of financing and the flat type. If the flat owners have sublet the whole flat, the period of subletting will not be included in the computation of MOP.
A list of the requisite MOP is shown below:
(a) 1-Room and HUDC Flat
No occupation period for owners owning 1-room flat or HUDC flat.
(b) Direct purchase flat and Flat bought under the CPF Housing Grant Scheme
5 years from effective date of purchase.
(c) Flat bought under Selective En bloc Redevelopment Scheme (SERS)
7 years from date of flat selection (provided seller has taken possession of the replacement flat) or 5 years from effective date of possession of replacement flat, whichever is earlier and subject to HDB's prevailing policies.
If there is any period of subletting of the entire replacement flat (subject to HDB's prior approval), the MOP will be extended to make up for the subletting period. Flat owners who had enjoyed the SERS benefits more than once are not allowed to sell the replacement flat.
(d) Resale Flat bought in the open market (without CPF Housing Grant Scheme)
2½ years from effective date of resale if the owner takes a loan from HDB:
1 year from the effective date of resale if
i. the owner has not taken a loan from HDB; or
ii. he has refinanced HDB market interest rate loan with the bank/financial institution; or
iii. he has taken a loan from the bank/financial institution to finance the purchase; or
iv. he has fully redeemed the market interest rate loan obtained from HDB.
You may submit an e-Request on
Confirmation on the Computation of Requisite Occupation Period for the purpose of resale.
Buying A Resale Flat
Buying a new home is both a challenging and exciting time.
Whether it is a new or a resale HDB flat, a home purchase is a large financial transaction. When you are buying a resale flat, by planning ahead and understanding the process will help you avoid potential pitfalls.
You are advised to check whether:
* you and your family are eligible to buy an HDB resale flat;
* you are eligible for a HDB Loan and have applied for a HDB Loan Eligibility (HLE) letter from HDB (you should have a valid HLE before you exercise the Option to Purchase (OTP));
* you have to take a bank loan and have obtained a Letter of Offer from the bank/financial institution (you should have obtain the Letter of Offer before you exercise the OTP);
* you have a valid valuation report;
* the seller is the legal owner of the flat;
* the seller has met the Minimum Occupation Period; and
* the resale flat is affected by the Main Upgrading Programme or Lift Upgrading Programme and if the upgrading works have been completed. Please confirm with the respective Branch Office whether billing has been served as this will determine the party liable to pay for the upgrading cost.
Whether it is a new or a resale HDB flat, a home purchase is a large financial transaction. When you are buying a resale flat, by planning ahead and understanding the process will help you avoid potential pitfalls.
You are advised to check whether:
* you and your family are eligible to buy an HDB resale flat;
* you are eligible for a HDB Loan and have applied for a HDB Loan Eligibility (HLE) letter from HDB (you should have a valid HLE before you exercise the Option to Purchase (OTP));
* you have to take a bank loan and have obtained a Letter of Offer from the bank/financial institution (you should have obtain the Letter of Offer before you exercise the OTP);
* you have a valid valuation report;
* the seller is the legal owner of the flat;
* the seller has met the Minimum Occupation Period; and
* the resale flat is affected by the Main Upgrading Programme or Lift Upgrading Programme and if the upgrading works have been completed. Please confirm with the respective Branch Office whether billing has been served as this will determine the party liable to pay for the upgrading cost.
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