Ji pai siao liao
But how come there are many people who withdraw from the mcps scheme to be public applicants? Is there any benefits in doing that?
Yes. Then your parents won't be bounded by the 5yr mop of yours. Means if u successfully bid under mcps:
Live with parents - they must DIEDIE live with you for 5 years as occupant
live near parents - they CANNOT sell their house out of the same town/out of the 2km whichever applicable for 5 years.
MOP starts when u collect key.
5-year Minimum Occupation Period: MCPS (near parents/ married child)
For 5 years starting from the date you take possession of your new flat, the household that qualified you for MCPS (i.e. your parents or married child) must continue to live within the same estate or within 2km of your new flat.
5-year Minimum Occupation Period: MCPS (with parents/ married child)
For 5 years starting from the date you take possession of your new flat, the household that qualified you for MCPS (i.e. your parents or married child) must continue to live with you in the new flat.
http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/priority-schemes&rendermode=preview