You must have finished the Minimum Occupation Period (MOP) for your apartment before you upgrade HDB to condo in SG or landed property from your HDB flat. Ordinarily, you must have been in your HDB apartment for at least five years before you may move to a private residence. The MOP is the bare minimum of years you must have lived in your HDB apartment physically before you may purchase a private home or sell the HDB.
Everything that you need to do to upgrade HDB to the condo?
If at least one of the HDB's owners is a Singaporean citizen, the HDB and the condo you want to purchase next can remain in your possession. In short, you can upgrade HDB to condo in SG.
To benefit from the particular way of life that private condominiums offer. Mopupgraders will help you if you have any queries. So, it might be in your best interest to make improvements before moving in. However, keep in mind to account for remodeling costs and any delays.
Purchasing a condo first
- You may take withdrawals from your CPF Ordinary Account up to 100% of the condo's valuation limit.
- A Basic Retirement Sum must be saved in your CPF.
- The amount of CPF used to purchase a home has been subject to new government regulations.
Pricing Methodology
Some homes are only sold for a few months because the sellers have unrealistic expectations for the closing cost. Due to the proper pricing approach, several homes have received bids from numerous viewings. Pricing properly doesn't necessarily equal pricing low.
- Recognize supply and demand dynamics in the industry
- Rivalry between units
- Risks and possibilities
You may determine the most outstanding price you can get for your property by comprehending the three criteria mentioned earlier and putting them into practice. You can visit MOP Upgraders for more details.
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