HDB for sale

Purchasing a flat could be one of the biggest financial commitment you may make. If you are thinking of purchasing a resale flat from the open market, there are certain considerations that need to be made be made, such as financial planning, eligibility to buy, entering into Option to Purchase, among other things.

Getting a good flat need some good planning. Making thorough research, including online searching and reading through newspaper classifieds to find out the trends and prices of various estates where there are HDB for sale. This is important to ensure that you get an ideal home. The official Housing Development Board website provides extremely comprehensive information and e-services to guide you along in your purchase of a HDB flat.

There are several rulings that determines if you can get a HDB for sale, or if you are eligible for certain categories of flats. It is important to ensure that you have met these conditions before buying a flat. To buy a resale flat, you must:
=> Qualify under one of the HDB's eligibility schemes
=> Satisfy the ethnic integration policy

HDB for sale - Eligibility Scheme for Public Scheme

This Eligibility Scheme for Public Scheme allows a person (with a proper family nucleus) to obtain a HDB for sale from the open market. To be able to buy a resale flat using this method, these are the conditions that you would have to meet to be eligible:
You must:
=> Be a Singapore Citizen or Permanent Resident
=> Have at least one listed person staying in who is a Singapore Citizen or Permanent Resident.
=> Age: Must be at least 21.
=> Must form a proper family nucleus for example:
     * Your spouse and children, if any; or
     * Your parents and siblings; or
     * Your children under your legal custody, care and control (for widowed, divorced or separated persons).
=> There is no cap on how much you are earning, unless you are applying for CPF Housing Grant and/or an HDB loan.
=> You can own private property (unless applying for CPF Housing Grant) but must live in the HDB resale flat.
=> You can buy a HDB for sale in any town/estate as long as the approved proportion of your ethnic group has not been reached.
=> You may apply for the CPF Housing Grant for Family or Singles if you meet all the eligibility conditions for CPF Housing Grant Scheme for Family or Singles.