{"id":8150,"date":"2016-03-14T10:00:13","date_gmt":"2016-03-14T03:00:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/218-hdb-flats-were-sold-before-mop-in-2015\/"},"modified":"2016-03-16T21:08:25","modified_gmt":"2016-03-16T14:08:25","slug":"218-hdb-flats-were-sold-before-mop-in-2015","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/218-hdb-flats-were-sold-before-mop-in-2015\/","title":{"rendered":"218 HDB flats were sold before MOP in 2015"},"content":{"rendered":"


\nFlat owners facing hardships can seek HDB\u2019s approval to sell their units before the five-year MOP. (Photo: Nikki De Guzman)
\nThe Housing and Development Board (HDB) allowed 218 flats to be sold last year, even though the owners did not fulfill the required minimum occupation period (MOP) of five years, reported The Straits Times.
\nBut this figure only represents around one percent of the 19,306 flats sold last year, as this practice is only permitted under \u201cexceptional circumstances\u201d, said a HDB spokesperson.
\nValid reasons include emigration, wanting to live near a terminally ill family member, and financial problems \u2013 like the death of a breadwinner.
\nERA Realty agent Ken Lee noted that \u201cothers might also need to relocate to be closer to their relatives for childcare or eldercare purposes\u201d.
\nHowever, the majority of these special approvals were granted due to divorce.
\nThe HDB spokesperson explained that \u201csome divorcees may not be eligible to retain the flat upon their divorce. Since the breakdown of the marriage is beyond the couple\u2019s control, HDB may consider allowing them to sell the flat so that they can each move on with their lives\u201d.
\nAccording to PropNex agent James Lin, the housing board\u2019s consideration is helpful to flat owners facing genuine hardships. \u201cBut it\u2019s good that they are strict with these approvals. If they give everyone the green light, people will abuse the system.\u201d
\n\u201cIt shouldn\u2019t be easy to sell one\u2019s flat early. The MOP is there to safeguard the interests of other residents,\u201d added Lee.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…218 HDB flats were sold before MOP in 2015<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Flat owners facing hardships can seek HDB\u2019s approval to sell their units before the five-year...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8150","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-27s","jetpack-related-posts":[{"id":122114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-bto-flats-sold-within-a-year-of-reaching-mop-doubles-from-2016-to-2020\/","url_meta":{"origin":8150,"position":0},"title":"More BTO flats sold within a year of reaching MOP, doubles from 2016 to 2020","date":"September 21, 2021","format":false,"excerpt":"\r 13.4% of\u00a0BTO flats which reached their MOP were sold within a year, up from 6.5% in 2016. The Housing and Development Board\u2019s (HDB) statistics showed that the proportion of Build-to-Order (BTO) flats that were sold within one year of achieving their Minimum Occupation Period (MOP) has doubled from 2016\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/HDB-EIP.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newer-hdb-flats-reach-record-sales-in-2019\/","url_meta":{"origin":8150,"position":1},"title":"Newer HDB flats reach record sales in 2019","date":"January 31, 2020","format":false,"excerpt":"\r A lot of home owners lately have been selling off their Housing Board flats once they reach the minimum occupancy mark, reported The Straits Times. Sales of HDB flats that are less than 10 years old recorded a nine-year high in 2019, as 4,578 units were moved. This was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-terrace-near-whampoa-sold-for-record-1-185m\/","url_meta":{"origin":8150,"position":2},"title":"HDB terrace near Whampoa sold for record $1.185m","date":"November 22, 2018","format":false,"excerpt":"\r A total of 52 million-dollar HDB flats have been sold to date this year.\u00a0 A Housing and Development Board (HDB) terrace house along Jalan Bahagia near Whampoa was sold for $1.185 million in September \u2013 setting a new record for the priciest HDB unit sold, reported Channel NewsAsia citing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-hdb-flat-in-bukit-merah-sold-for-record-1-2m\/","url_meta":{"origin":8150,"position":3},"title":"5-room HDB Flat In Bukit Merah Sold For Record $1.2m","date":"May 8, 2019","format":false,"excerpt":"\r Located on a high floor, the 112 sq m flat in Boon Tiong Road has a remaining lease of 95 years. A standard 5-room HDB flat was sold for $1.2 million in April this year \u2013 the first time that a standard HDB flat price surpassed the most expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/118-hdb-flats-involved-in-mortgagee-sales\/","url_meta":{"origin":8150,"position":4},"title":"118 HDB flats involved in mortgagee sales","date":"January 11, 2018","format":false,"excerpt":"\r There had been 118 cases of completed mortgagee sales involving HDB flats from January 2013 to November 2017, according to a parliamentary reply from the Ministry of National Development on Wednesday (10 January). It stated this in response to a question from Gan Thiam Poh, Member of Parliament (MP)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/around-20000-hdb-units-annually-to-hit-mop-starting-2020\/","url_meta":{"origin":8150,"position":5},"title":"Around 20,000 HDB units annually to hit MOP starting 2020","date":"January 16, 2020","format":false,"excerpt":"\r Flats that will hit the MOP is expected to reach 17,000 to 19,000 annually over the next 10 years. Starting from 2020, there will be about 20,000 HDB units that will come off their minimum occupation period (MOP), reported Singapore Business Review citing a DBS Bank report. Flats that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8150"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8150"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}