Property
13.4% Of BTO Flats Were Sold Within A Year Of MOP: What Does It Mean For Homebuyers?
By Stacked Homes  •  September 22, 2021
According to HDB, a greater proportion of HDB flats are being sold within a year of reaching the Minimum Occupancy Period (MOP), compared to 2016. Over at Stacked, we note this coincides with a record number of flats reaching MOP in 2020 / 2021 (around 50,000 units). Among homeowners struggling with rising prices, this could be a source of concern; even if the impact is not immediate, we could feel it a little further down the road: How many more flats are being sold just after MOP? HDB told TODAY that, in 2016, around 6.5 per cent of flats, or 811 units, were sold within a year of reaching MOP. By 2017, this had risen to 9.5 per cent (1,091 units). It continued to rise to:
  • 11.8 per cent (1,392 units) in 2018
  • 12.2 per cent in 2019 (2,736), and
  • 13.4 per cent in 2020 (2,919 units)
Over 50,000 flats are expected to reach MOP in 2020/21. If even over a tenth of these are HDB upgraders (see below), this could represent a significant influx into the private homes sector....
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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