Buying HDB Resale Flat
Are you thinking of buying an HDB resale flat?
The purchase of an HDB resale flat is the most expensive investment of a lifetime for most people and would need a long-term financial commitment. To help you obtain an ideal HDB resale flat within your affordability and budget, we list down the following key points for you to consider before you commit to buying a home.
There are various eligibility schemes under which you can buy an HDB resale flat:
- HDB Public Scheme – Buy an HDB resale flat with your family.
- HDB Fiancé or Fiancée Scheme – Buy an HDB resale flat with your fiancé or fiancée.
- Single Singapore Citizen Scheme – Buy an HDB resale flat as a single.
- Joint Singles Scheme – 2 to 4 singles buy an HDB resale flat jointly.
- Non-Citizen Spouse Scheme – Buy an HDB resale flat with your spouse (not an SC or SPR).
- Non-Citizen Family Scheme – Buy an HDB resale flat with your family members who is not an SC or SPR.
- HDB Orphan Scheme – Buy an HDB resale flat with your sibling(s) who are orphans and single.
- HDB Conversion Scheme – Buy adjoining HDB resale flats with your family. The HDB flats are 3-room or smaller and convert them into 1 unit. (Subject to approval).
You need to check if you are eligible for an HDB resale flat.
Eligibility Conditions That Apply To All Schemes
- There must be at least one Singapore Citizen or two Singapore PRs listed in the application for buying an HDB resale flat.
- For SPR household, there’s a requirement for all SPR essential occupiers and owners to wait for three years from the date of obtaining their SPR status before they can buy an HDB resale flat.
- HDB buyers need to fulfil the SPR quota and the EIP proportion requirements for the neighbourhood and block.
- Unlike buying a BTO from HDB Board, if you were to buy an HDB resale flat from the resale market, there is no limitation for the income ceiling.
- If you were to apply for CPF Housing Grants or HDB housing loans for your HDB resale flat purchase, you have to note the income ceilings.
- If you or any person listed in the HDB resale flat application owns an HDB flat, the HDB flat must be disposed of within six months of the HDB resale flat purchase.
- Suppose you or any person listed in the HDB resale flat application owns the private property, either overseas or locally; all private properties must be disposed of before or within six months of the HDB resale flat purchase. Also, you are not eligible for the CPF Housing Grant or HDB housing loan.
- Divorcees are required to produce the following for verification:
- Interim Judgment (previously known as Decree Nisi)
- Order of Court
- Final Judgment (previously known as Decree Nisi Absolute)
The Housing & Development Board will determine the actual approval upon buyers’ submission of the application and necessary supporting documents.