facebookAm I allowed to apply for the upcoming Nov20 BTO if I have a Resale flat (no grants taken) that has not reached the 5 years MOP yet? - Seedly

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Anonymous

29 Oct 2020

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Property

Am I allowed to apply for the upcoming Nov20 BTO if I have a Resale flat (no grants taken) that has not reached the 5 years MOP yet?

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Kenneth Fong

29 Oct 2020

Marketing Manager at Seedly

Hi anon,

It depends. To clarify...

If your resale flat is a 1 Room (bought without CPF grant) = no MOP, you can apply immediately but just make sure you dispose of the property within 6 months of taking possession of your new flat

If your resale flat is a 2-Room (bought without CPF grant)

  • Bought before 5 March 2010 (5 years)

  • Between 5 March to 29 August 2010 (3 years)

  • On or after 30 August 2010 (2.5 years)

If your resale flat is any larger (bought without CPF grant) = 5 years

And there's no exception to this MOP rule.

You won't be able to apply for the Nov 2020 BTO because HDB will recognise that you have a flat that hasn't reached MOP yet. Application is via HDB's site too so... there's no way you can circumvent this.

There might be exceptions made on a case-by-case basis (because HDB is nice like that) but I'm pretty sure it has to be a bobian situation before HDB caves and makes an exception.

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