HOUSING SCHEMES (Source: https://www.hdb.gov.sg/cs/infoweb/homepage) Schemes to help seniors with flat purchase and loan Scheme / Measure
Deferred Downpayment Scheme •
Automatically extended to flat buyers who: – Are aged 55 years old and above; and – Have booked a 2-room Flexi or 3-room uncompleted flat in a mature or non-mature estate
Criteria •
Have not sold or completed the sale of their existing flat at the point of the new flat application
•
Enables seniors who are right-sizing to defer the down payment until key collection
•
Eligible flat buyers will only need to pay the stamp duty and legal fees when they sign the Agreement for Lease
•
They will pay the purchase price of the flat once it is ready for key collection*
Benefit
*If the new flat application is cancelled, the usual forfeiture of 5% of the flat price will apply.
Contact / More Info
https://www.hdb.gov.sg/cs/infoweb/residential/livingin-an-hdb-flat/for-our-seniors/deferred-downpaymentscheme
DE F E R R E D DOW N PAYME N T S CHE ME