Acquiring Private Property

You and your spouse you can choose to acquire private residential properties locally or overseas if you can fulfil the eligibility conditions that apply to your flat.

 

 

Fulfilling the Minimum Occupation Period (MOP)

Before you and your spouse can acquire private residential property, you have to fulfil the MOP of your flat. Find out how this is computed.

How is the MOP computed?

The MOP starts from the date you take possession of your flat (including subsequent changes to flat ownership through outright transfer) to the following dates, whichever is earlier:

  • Date on which the Option to Purchase (OTP) the private property is exercised
  • Date of the Sale and Purchase Agreement of the private property, regardless of whether it is still under construction or ready for possession

The computation excludes:

  • The period of renting out or non-occupation of the flat
  • Any infringement of the lease of the flat by the owner

Here is an overview of the MOP for the different types of flats.

Types of HDB Sold Flats

MOP

Computation of MOP

Flats bought from HDB

5 years

From date of taking possession/ transfer of your flat to the following dates, whichever is earlier:

  • Date on which the Option to Purchase of private property is exercised
  • Date of the Sale and Purchase Agreement of the private property

Resale flats bought with CPF Housing Grant

Design, Build and Sell Scheme (DBSS) flats bought from developer

Resale flats purchased without CPF Housing Grant
(for resale applications submitted on or after 30 August 2010)

Replacement flats bought from HDB under the Selective En bloc Redevelopment Scheme (SERS)
(only if you have taken possession of the replacement flat)

Whichever is earlier:

  • 7 years from date of selection of the replacement flat
  • 5 years from the effective date of possession of the replacement flat

Whichever is earlier:

  • 7 years from the date of selection to the date on which the OTP of the private property is exercised or the date of the Sale and Purchase Agreement of the private property, whichever is earlier
  •  5 years from effective date of possession/ transfer to the date on which the OTP of the private property is exercised, or the date of the Sale and Purchase Agreement of the private property, whichever is earlier

Resale flats purchased without CPF Housing Grant
(for resale applications submitted before 30 August 2010)

There is no need to satisfy the MOP before acquiring private residential property

In addition, you should note that:

  • During the MOP of the flat, the flat owner, his/her spouse and occupiers are not allowed to acquire private residential property. Acquiring private residential property to hold on trust for another person is also not allowed.
  • After the MOP of the flat, there is no limit on the number of private properties that can be acquired
  • The private residential property acquired can still be under construction or ready for possession
  • Periods of non-occupation, such as the renting out of your whole flat or any infringement of the lease of the flat, will be excluded in the MOP computation

How to find out if you have met the MOP

You can login to My HDBPage with your SingPass and check if you have met the MOP to acquire a private property, under My Flat > Purchased Flat > Flat Details > Minimum Occupation Period (MOP).

Exercising the Option to Purchase

Retaining the HDB Flat after Acquiring Private Residential Property

You should note that:

Households with at least one Singapore Citizen flat owner

The flat owner, spouse, or occupier, who acquires the private residential property after the MOP, can retain the HDB flat.

 

Households where all flat owners are Singapore Permanent Residents

  • If all the owners of the flat are Singapore Permanent Residents (SPR), the owners are required to notify us before the owner, spouse or any occupier listed in the flat exercise the Option to Purchase (OTP) for purchase of a private residential property located in Singapore.  The SPR owners can approach the HDB Branch managing the flat to notify us of the intention to acquire a private residential property.
  • In addition, the SPR flat owners must sell the flat within 6 months of acquisition of completed / uncompleted local private residential property by the flat owner, spouse or occupier.