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Part I: Purchasing a New HDB Flat – The Requirements

 

Here in Singapore, purchasing a Housing and Development Board (HDB) flat is not exactly stress-free. In fact, we have created a two part article that will help walk you through the requirements and processes for purchasing your very own HDB flat.

Note that only a Singapore citizen (or a family nucleus of at least one other Singapore Citizen or Singapore Permanent Resident) who is 21 years old at the time of the application can apply for an HDB flat.

Second, you must be a family nucleus under one of the schemes provided by HDB on their website.

  1. Public Scheme:
    1. The applicant and:
      i. Spouse and children; or
      ii. Parents and siblings; or
      iii. Children under your legal custody, care and control, if you are widowed or divorced.
  2. Fiancé/Fiancée Scheme:
    1. The applicant and his or her fiancé/fiancée
  3. Orphan Scheme:
    1. The applicant and your unmarried siblings

Of course, an income ceiling must be considered in the purchase of your HDB flat. For each type of HDB flat, a certain average gross monthly household income must be evaluated.

If you want to buy a 3-room flat which is most likely located in a mature town/estate, a 3-room premium flat, a 4-room flat or a bigger flat, your average gross monthly household income must not be more than $10,000. If you are purchasing the HDB flat with your extended family, the average gross monthly household income must not be more than $15,000. If you want to purchase a 3-room HDB flat from non-mature towns/estates, you must have an average gross monthly household income that does not exceed $5,000.

Your average gross monthly household income must not exceed $5,000 if it is a 2-room HDB town at mature/town estates that you want to buy. However, the income ceiling is lower, at most $2,000, if you want to buy a 2-room HDB flat in non-mature towns/estates.


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