Have you noticed the lift at your block being extra slow lately, as movers or renovators keep cramming into it? Or have you seen more strangers walking up and down the corridors of late, peering into nearby flats? Consider it the result of a record breaking 50,000+ flats reaching their Minimum Occupation Period (MOP) between 2020 and 2021. This is massive when you consider the 10-year average between 2010 and 2018, when only around 9,000 flats reached MOP every year. We mentioned it in a previous article, where we discussed the resale flat market taking a U-turn. What’s of interest to most resale flat seekers, however, are the new, five-year old flats that are just now entering the market. These are the most alluring choices if you’re seeking a flat right now, as you can move in immediately, plus the lease decay is practically irrelevant. Here’s where you might find them: Why are new flats reaching MOP more desirable than older resale flats reaching MOP?...