How a single in Singapore can purchase an HDB flat?

How a single in Singapore can purchase an HDB flat?

The government of Singapore has provided a unique solution for housing, which is named as HDB flat. These are the cheapest housing option available herein, that’s why more than 80% of Singaporean lives in HDB flats. Also, the number of HDB estates is increasing with the rising population of Singapore.

But there are certain eligibility criteria that are applied for purchasing an HDB flat, which is mandated by the Housing and Development Board (HDB). So if you are single and planning to purchase an HDB unit then you need to know the procedure of HDB flat for purchase in Singapore before you go ahead with your plan. Here we will provide the guidance regarding purchasing an HDB unit for singles is as follows; Different patterns of HDB flats: The Housing and Development Board (HDB) manages the public housing available in Singapore that comes under temporary leasehold of 99 years. So if you are purchasing an HDB unit then you can get a good price if you plan to resale it, as the resale price depends on the remaining lease period. Also, there are different types of flat types and layouts for various family sizes and budgets. Such as; 1-room to 5-room flat; Executive flat; and Multi-generation flat. So you can choose any perfect house from the available options as per your budget and requirement.

Eligibility for purchasing an HDB flat for singles: In general for HDB flat application there must be at least one Singapore citizen or two listed Singapore Permanent Residents have to be there in the family. Also, the size of the flat will depend on the size of the family. But if you are applying as single then you will have 2 primary choices like a 2-room BTO HDB flexi flat, or a resale HDB flat also, there are certain criteria you need to fulfil, such as; Age: For purchasing an HDB resale flat under Single Singapore Citizen Scheme or NonCitizen Family Scheme you need to be at least 35 years old to apply as an unmarried or divorced individual.

Household status: You must be first time applicant; means you must not buy any HDB, or an Executive Condominium (EC) or Design, Build and Sell Scheme (DBSS) flat from any developer. Also not sold a flat before of any types mentioned above and not received any CPF Housing Grant of housing subsidy for purchasing an HDB resale unit.

Income ceiling: There are certain income ceilings applicable to purchasing public housing for all types of buyers, whether he or she is single or with family. For singles, if buying an HDB resale flat under the Single Singapore Citizen Scheme is $6000 and for under any other schemes the income ceiling is $12000.

Flat-size or type: If you are applying under Single Singapore Citizen Scheme then the type of flat will be 2 to 5 rooms HDB unit and under any other scheme the flat size will be 2 rooms or bigger.

Ownership of other properties: For purchasing an HDB unit as singles you must not have or sold any properties such as; Private residential property (including privatized HUDC flats and ECs), house, building, land in the last 30 months, whether in local or overseas.

Conclusion: So if you have planned to stay single or staying single for some other reasons then purchasing an HDB flat for sale in Singapore is the most lucrative housing option applicable for you. But before applying for an HDB unit you should remind all the eligibility criteria applicable for purchasing a public housing. As purchasing a house is one of the biggest achievements as well as the toughest decision in one’s life, so if you are single then you can easily purchase an HDB unit by following these aforementioned steps.