27/10/2021
10-year Minimum Occupation Period (MOP) under the Prime Location Public Housing (PLH) model. This will only apply to future projects โ with the first to be launched at Rochor in the upcoming November BTO sales exercise.
The pool of resale buyers of these prime HDB flats will also be limited to households who earn not more than $14,000 a month and at least one applicant must be a Singapore citizen.
Unit will not be able to rent out even after 10 years MOP. Additionally, the Government will claw back additional subsidies provided to PLH flats.
Flat owners will have to pay a percentage of the resale price to HDB when they resell their home on the open market for the first time and this will apply only to those who bought the flat from HDB and not to subsequent resale transactions.
SINGAPORE: Buyers of future Build-to-Order (BTO) flats in prime locations will face a longer minimum occupation period (MOP) of 10 years, as part of a new model meant to keep housing in these locations accessible for Singaporeans, said the Housing & Development Board (HDB) on Wednesday (Oct 27). T
