When you purchase a HDB flat, you’re required to complete the Minimum Occupation Period (MOP) of 5 years before you’re allowed to sell your flat on the open market. If you’re a HDB dweller whose flat is up for MOP this year and looking to make the jump to swankier new digs, here are some reasons why...
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To protect homebuyers from over-borrowing, the Singapore government has set a loan-to-value (LTV) limit for housing loans. In a nutshell, the LTV limit defines the maximum home loan amount HDB or a financial institution can grant you as a percentage of the property’s price or market value (whichever is lower). The LTV for bank loans...
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