Latest complete list of EC MOP dates

Introduction

To many, Executive condominiums (EC) is an interesting asset class. Its strength straddles that of a subsidised government housing and a private condominium.

From a pricing standpoint, its pricing is moderated by HDB to ensure affordability and tends to be priced lower than a comparable private condominium in the same area. From a facilities standpoint it possesses the full suite of facilities that a private condo possesses.

This articles seeks to provide an accurate and convenient source for readers to find out an EC MOP date.

It was written with two segment of readers in mind.
Owners of EC, making plans for their next move and is eagerly awaiting the fulfilment of their 5 year MOP status.
Buyers looking to buy a resale EC that have fulfil its MOP status.

What is MOP period for EC ?

To set the context, minimum occupancy period (MOP) is a HDB stipulated time frame in which the first owner of an EC needs to fulfil before he or she can resell the EC in the open resale market.

For EC, the first owner would need to fulfil a 5 year MOP period. Within this 5 years, owners will need to adhere to the following restriction.

• Owners will not be able to resell EC in the open market.
• Owners will not be able to rent out the entire EC, while renting out of rooms is permitted.
• Essential occupiers in EC are not permitted to be listed as occupiers or applicant for another HDB or EC.
• Both owners and occupiers are not permitted to invest in another private residential property before fulfilling the 5 year MOP period.

After fulfilling the 5 year MOP period, EC owners are eligible to resell their units on the open market for sale to both Singapore citizens and Singapore permanent residents. And options such as decoupling EC becomes available to EC owners as well.

After fulfilling a 10 year occupancy period, EC owners will then be eligible to resell their unit to foreigner and corporate entities.

How do I check my EC MOP date ?

The EC’s 5 year MOP date begins the day keys are collected for your unit, also known as the temporary occupation permit date (TOP).

It excludes any period in which you do not occupy the flat or when there has been a violation of flat lease. Example, when the entire flat is rented out or when there is a violation of HDB stipulated MOP restrictions.

There are two ways to check on the MOP date of your EC.

One way is to log in to HDB website using your singpass and look under My Flat > Purchased Flat tab and further look into the Flat details and Minimum Occupation Period (MOP) section.

The second way is to check out the table below, it summarises all the ECs TOP and MOP dates.

Complete List of EC MOP Date

Refer to the table below for the complete list of EC in Singapore and their respective TOP and MOP dates.

Are There Any EC MOP Exemptions?

If you are looking for an exemption to sell your EC early before its MOP date, you will need to write in to HDB with an appeal to waive your MOP.

You will have to submit your appeal by logging into MY HDB page via Singpass, and look under My Flat > Purchased Flat > Flat details.

Note HDB will review the appeal submission on a case by case basis and will only approve appeal that falls into the following dire circumstances.

• Divorce
• Avoiding bankruptcy
• Renunciation of citizenship

How to calculate sales proceed from sale of EC after its MOP date ?

A common consideration as part of the plan to sell EC after its MOP would include calculating the sales proceed that comes with selling the EC.

The general outline of calculating the sales proceed will entails gathering of the following information required.

• Indicative value / selling price of the EC
• Outstanding bank loan for the EC
• Total CPF utilised including accrued interest for both you and your spouse

Indicative value / selling price of EC

To arrive at an indicative value or selling price for your EC, you can refer to URA past transaction history to arrive at an proxy price for your property

Outstanding bank loan for EC

To know the value of outstanding bank loan for your EC, simply login to your bank’s online banking platform and review outstanding loan value

CPF utilised including accrued interest

To derive the CPF amount that both you and your spouse utilised for the EC, you will each have to login to your CPF account and look under the CPF housing dashboard

The resulting sales proceed from the sale of EC will comprises of the final sale value less outstanding bank loan, less CPF utilised and finally netting off the usual $2,500 to $3,000 legal fee and 2% agent commission.

Real estate investing options to explore after EC MOP

Check out the following article for greater details on 6 options you can consider to maximise profit from the sale of your EC or retaining your EC to purchase a second investment property.

Article link inline – ” What can I do after EC MOP ? – Everything you need to know “

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