The HDB minimum occupation period (MOP), then and now. Before 1971, owners who w
Video description from @bleubricks
The HDB minimum occupation period (MOP), then and now. Before 1971, owners who wanted a second new flat had to sell the first back to HDB at its original price. In 1971, HDB let owners who had met a three-year MOP sell on the open market, and in 1973 the MOP was extended to five years. Today it is 5 years for Standard flats (and unclassified flats sold before October 2024) and 10 years for Plus and Prime flats; Fresh Start flats have their own, longer MOP. Source: NLB Singapore Infopedia, Home Ownership for the People Scheme; HDB, Conditions After Buying and Standard, Plus and Prime Housing Framework.#propertylimbrothers #plb
