3-year minimum occupation

By Joyce Teo

THE Housing Board will raise the minimum occupation period (MOP) for the resale of non-subsidised flats to three years, in a move to reinforce owner-occupation and curb speculation.

Announcing the extended period in Parliament on Friday, National Development Minister Mah Bow Tan said this will align the minimum occupation for home owners to resell and fully sublet non-subsidised flats.

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