Should You Sell Your EC Unit After Fulfilling MOP?

I Check, I Compare, I Study, I Suggest!

EC owners can sell their unit to anyone except a foreigner after 5 years minimum occupation period.


Congrats for fulfilling the 5 years minimum occupation period.

Your wise decision to purchase your EC unit years ago has brought yourself one step closer to financial freedom.

You are Sitting on a GoldMine

You may not be aware that you are sitting on a “GoldMine” but it’s just a paper gain if you don’t convert it into real profits.

I’m here to share what are your available options of retrieving your “Gold” and selling the “Mine”:

EC is known as a Goldmine after fulfilling MOP.

EC reaching MOP is goldmine

1)  Part Purchase (commonly known as decoupling) between husband and wife, to “free up” one person’s name to purchase another unit for investment. Recommended if you are sure you won’t sell in the future.

2)  Sell and then buy another condo at a better location or bigger unit. Recommended if you are the sole breadwinner.  

3)  Sell and downgrade to HDB resale flat, with the abundant cash proceeds from the sale of the EC and retire. Recommended only if you are more than 55 years old.

4)  Sell and then buy another 2 condo under each individual ownership, one for own stay, another one to rent out. Recommended if your household monthly income above $8,000.


You might have wondered why not sell when the EC reach 10 years (fully privatised) at a better price?

Well, in terms of HDB regulations, the only difference between 5 or 10 years, is that you can’t sell it to a Foreigner at the 5 years mark.

However, looking at the current ABSD tax of 20% on Foreigners, the budget constraint ones most likely will not be able to afford. And for those that can afford will buy in downtown or the prime districts.

So in essence, your targeted buyers are locals and PR (permanent residents); you can even sell it to a single SPR now!

Leverage on its Optimum Price!

Moreover, your unit is now in a very good condition and its young age will appeal to homebuyers, thereby fetching its best possible price.

More buyers are hunting for the younger condo which is ready to move in.

Your right move to ride the wave of EC growth created this opportunity for you to sell and cash out at the most optimum price; at its youngest possible age.

Ride On Your Next Positive Wave!

Now is your chance to ride on another positive wave and grow your assets and eventually achieve financial freedom.

Such as moving to a better location, somewhere with better potential growth? Sounds good?

You bet it is but not with some reality checks first. Property investments today is a totally different ball game compared to the time before 2013 largely due to the various cooling measures.

Hence, you got to be extra careful on your next move. Financial calculation, wealth management and careful planning with an exit strategy are crucial steps to achieve your dream lifestyle.

Now is the time to make another wise decision. Arrange for a FREE no obligations discussion. I guarantee you an enriching session with  knowledge and insights such as:

  • Provide a valuation report of your unit.
  • Assess and provide in-depth financial calculation.
  • Analyze and review your asset improvements plan
  • Propose a creative strategy to ensure stress-free monthly instalments.
  • Analyze the best available options for you in the market and spot the most profitable choice for you.
  • Personalize your short, mid and long-term property roadmap that will eventually grant you financial freedom.
6 February 2023
Stephen is very professional and trustworthy agent, he's very responsive and treat all customers with respect. He has put in a lot of effort in making sure my transaction is handled properly, on time and on top of priority. I have already recommended him to my friends that's interested in buying property. Thanks Stephen.
Elwin840808 Elwin
Elwin840808 Elwin
16 January 2023
Stephen really a good agent. I was new to home selling and have heard many about terrible agents. Stephen was professional and he never made me felt uncomfortable. He is professional, experienced and helpful agent. Highly recommend.
Marchelina Vincensia
Marchelina Vincensia
17 August 2022
I’ve met so many property agents in my life but Stephen is really a rare find. If you are looking for someone unconventional, who gives advice based on data and answer all your easy and hard questions tirelessly, then I couldn’t recommend Stephen more. A very hardworking, humble and strategic agent, highly recommend!
Sei Chia Lau
Sei Chia Lau
4 August 2022
Stephen is efficient, responsive and informative. He is able to give us useful advise and guide us patiently. Overall, his service is great👍
Stanley Tan
Stanley Tan
26 June 2022
Stephen is experienced, analytical and views properties comprehensively. This is evident right from the beginning when we chanced upon his informative YouTube videos. He provided us invaluable advice throughout the process of our property purchase. His calm, humble and polite nature made him an approachable professional to discuss the many questions we had. He was patient with his technical explanations as well as his insightful suggestions. He placed our interests first, in the buyers' shoes, gave us space to consider and has never rushed us to make decisions without proper considerations. His attentiveness goes a long way. Stephen carefully planned out the timeline for us and gave us reminders to complete the various items ahead of the deadlines to avoid unwanted hiccups. It was entirely a worry-free process. Stephen even gone the extra mile to meet us at the law firm to show us the way and be in person with us to sign the S&P. He made our property purchase a great buy and an enjoyable experience. Thank you, Stephen.
Leo Lim
Leo Lim
21 March 2022
I would like to send a note of commendation to Stephen Chong for his dedication, professionalism, diligence and patience in handling of property transaction. I would absolutely recommend Stephen Chong to buyers and sellers who are considering to buy or sell their homes.
Lim Ming Hwee
Lim Ming Hwee
26 February 2022
Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
Joseph Sze
Joseph Sze
24 December 2021
Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
SZ Lim
SZ Lim
20 July 2021
Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.