{"id":61814,"date":"2022-11-16T17:56:52","date_gmt":"2022-11-16T09:56:52","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=61814"},"modified":"2022-11-17T17:16:21","modified_gmt":"2022-11-17T09:16:21","slug":"recently-mop-hdb-sold-double-bto-price","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/recently-mop-hdb-sold-double-bto-price\/","title":{"rendered":"Recently MOP-ed HDB that have sold double of BTO price"},"content":{"rendered":"
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With HDB flats, after completing the five-year Minimum Occupation Period (MOP)<\/a>, owners have the option to put the whole flat for rent<\/a> or for sale on the resale market<\/a>. They can also choose to buy private property after the MOP.<\/p>\n\n\n\n

In light of the recent record transaction of a Canberra BTO flat<\/a>, we decided to look through even more HDB resale transactions of recently MOP-ed BTO flats.<\/p>\n\n\n\n

More specifically, we focused on the BTO flats with leases starting in 2018. Through our findings, we found several flats that were sold at double the BTO price (some even more!). This also means that if we exclude costs like the Buyer\u2019s Stamp Duty (BSD)<\/a> and renovation costs, these flats have made a paper profit of 100% (or even more for some).<\/p>\n\n\n\n

Here are the recent MOP-ed BTO projects with these transactions.<\/p>\n\n\n\n

Punggol Vue<\/h2>\n\n\n\n
Address<\/b><\/td>Flat type and floor area<\/b><\/td>Storey range<\/b><\/td>Resale transaction date<\/b><\/td>Remaining lease when sold <\/b><\/td>Resale price<\/b><\/td>BTO price<\/b><\/td>Paper profit*<\/b><\/td><\/tr>
327A Sumang Walk <\/span><\/td>2-room, 506 sq ft<\/span><\/td>10 to 12<\/span><\/td>Nov 2022<\/span><\/td>95 years 1 month<\/span><\/td>S$350k<\/span><\/td>S$111k – S$141k <\/span><\/td>S$209k – S$239k<\/span>\n

 <\/p>\n

(~178%)<\/span><\/p>\n<\/td><\/tr>

327B Sumang Walk <\/span><\/td>2-room, 506 sq ft<\/span><\/td>13 to 15<\/span><\/td>Nov 2022<\/span><\/td>95 years 1 month<\/span><\/td>S$341k<\/span><\/td>S$111k – S$141k <\/span><\/td>S$200k – S$230k<\/span>\n

 <\/p>\n

(~171%)<\/span><\/p>\n<\/td><\/tr>

327A Sumang Walk<\/span><\/td>3-room, 732 sq ft<\/span><\/td>7 to 9<\/span><\/td>Oct 2022<\/span><\/td>95 years 2 months<\/span><\/td>S$430k <\/span><\/td>S$179k – S$218k <\/span><\/td>S$212k – S$251k<\/span>\n

 <\/p>\n

(117%)<\/span><\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*Paper profit is calculated by deducting the BTO price from the resale price. The percentage is calculated based on the median of the BTO price and the median of the paper profit. <\/em><\/p>\n\n\n\n

Punggol Vue<\/a> caught our eye because of the S$341k transaction for a 2-room flat here, which was an all-time high for a 2-room at Punggol at the time of the resale registration date. But this flat held the record for a short time only, before another 2-room flat at a different block and lower floor sold for S$350k this month.<\/p>\n\n\n\n