Eligibility criteria include citizenship (Singapore Citizen or Permanent Resident), age (at least 21 years old), family nucleus, income ceiling, and other specific conditions depending on the type of flat (e.g., BTO, resale, etc.).
BTO (Build-To-Order) flats are newly built by HDB and sold directly to buyers, often with a waiting period for construction. Resale flats are pre-owned flats that are sold in the open market.
First-time buyers may be eligible for various grants such as the Enhanced CPF Housing Grant (EHG), Family Grant, and Proximity Housing Grant, depending on their income level and other factors.
The resale levy is a fee paid by HDB flat owners when they purchase a second subsidized flat. It is applicable to those who have previously bought a subsidized flat from HDB or received a CPF housing grant.
You can check the value of an HDB resale flat by using the HDB Resale Flat Prices e-service on the HDB website, which provides recent transaction prices of resale flats in different locations. Alternatively, you can engage a licensed property valuer or consult with a property agent to get an estimated valuation based on current market conditions.
The MOP is the minimum period (usually 5 years) that you must physically occupy your flat before you are eligible to sell it, rent it out, or purchase another HDB flat.
The HDB flat selection process begins after you’ve successfully applied and received a queue number. Based on your number, you'll be invited to select a flat from the available units. During your selection appointment, you can choose your preferred unit, sign the necessary documents, and pay the option fee to secure your flat.
Yes, single citizens above 35 years old can purchase certain types of HDB flats, such as 2-room Flexi flats in non-mature estates or resale flats.
Required documents typically include identification, income statements, marriage certificate (if applicable), Option to Purchase (OTP), and any applicable grant forms. Specific requirements may vary depending on the transaction.
To sell your HDB flat, you need to ensure you have met the MOP, then list your flat, find a buyer, and grant them an Option to Purchase (OTP). The buyer then exercises the OTP, and both parties submit the necessary documentation to HDB for the resale transaction to be processed.