Minister Desmond Lee: No immediate changes to penalties for MOP rule breaches by property agents

MND Minister Desmond Lee said the Council for Estate Agencies (CEA) has no immediate plans to reconsider penalties for breaching minimum occupation period (MOP) rules.

He emphasized the CEA’s disciplinary actions, which encompass fines and registration suspensions for errant property agents.

This stands despite recent cases where agents received fines of only S$1,000 and S$500 for advertising BTO flats that did not meet the required five-year MOP.

Property agents fined for selling unoccupied BTO flats in violation of 5-year MOP rule

Two property agents face fines for advertising HDB flats in violation of the five-year minimum occupation period (MOP), as per the Council for Estate Agencies (CEA).

In December 2022, unrenovated BTO flats, some never occupied, appeared for sale on property listing portals. A 5-room BTO flat in Yishun Street 51, left untouched for eight years, was listed at S$690,000 on Property Guru’s website.