What does Blossom Residences T.O.P obtained date means to you as a seller?
T.O.P means? Temporary Occupation Period.
As a seller, it means that you can officially sell your apartment to either Singaporeans or PRs on the 5th year onwards starting from your T.O.P date. Only from the 10th year onwards can you sell to anyone including foreigners.
Why is it 5 years then? HDB requires you to occupy the apartment for a minimum of 5 years which is termed MOP Period, before you can sell or lease out the whole apartment. So note that you have to consider the 5 year MOP period regardless of the TOP date.
And since 5th Sept 2014 is Blossom Residences T.O.P obtained date, it means you can sell from 5th Sept 2019 onwards.
According to an official reply from HDB:
Under the prevailing policy and Executive Condominium Housing Scheme (ECHS) Act, the EC owners are required to occupy the EC unit for a minimum occupation period (MOP) of 5 years from the date of Temporary Occupation Permit (TOP) before they are allowed to sell the EC on the open market.
Disclaimer: The above information is for reference only. Please confirm with HDB or your law firm if you have any queries.
Blossom Residences Site Plan