Last Friday (5/03/2010), HDB announced new changes to the minimum occupation period (MOP) for HDB flats. It’s aimed at reducing speculation in the market which has seen property prices soaring in the last few months.
The MOP for resale HDB flats is now 3 years, regardless of the type of loan (or none at all, for that matter) that you’re taking. Essentially, the government is trying to get the message across that HDB flats are for occupation, not for investment. If you’re buying a new flat direct from HDB, the MOP is still 5 years.