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Buying private homes in trust not a way for HDB owners to get around MOP rule
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Most of the buyers were apparently ignorant or were wrongly advised by their real estate agents.
PHOTO: ST FILE
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The desire to live the Singapore dream of upgrading to private property has driven some newer owners of Housing Board flats to jump the gun in investing in a second home, even when they are still barred from doing so.
Owners of HDB flats are prohibited from investing in any private residential home during the minimum occupation period (MOP), which is five years for most flats now.
