HDB

HDB Buyer's Guide

Eligibility To Buy

The various schemes available for the Singapore Citizens (SC) and Singapore Permanent Resident (SPR) to purchase a HDB Resale Flat are shown in the above table.

Scheme Minimum CitizenshipAgeFamily NucleusSpecial Condition
Public Scheme1 SC* & SPR** or 2 SPRs21Applicant, spouse & children, if any; or Applicant (single), parents & siblings; or Applicant (widowed, divorced or separated) and children legally under his custody. 
Finance/Financee Scheme1 SC & SPR or 2 SPRs21Couple intending to get married.Marriage certificate must be presented to HDB within 3 months from resale completion date.

For couples applying for CPF Housing Grant, they must submit it on/before resale completion date.
Single Singapore Citizen SchemeSC35
21 (for orphans and widows)
Single person who is unmarried, divorced or widowed. 
Joint Singles Scheme2 SCs35

21 (for orphans and widows)
Related or unrelated singles.An orphan or widow/widower aged at least 21 can apply with another single citizen who is at least 35.
Non-Citizen Spouse1 SC21@
35 #
Married to a non-citizen person.@ Non-citizen spouse with at least 6 months social visit pass.
# Non-citizen spouse with less than 6 months social visit pass.
Non-Citizen Family Scheme1 SC21Applicant (single), parents & siblings; or Applicant (widowed, divorced or separated) and children legally under his custody. 
Orphans Scheme1 SC & 1 SPR21A single orphan applicant and his siblings.Unmarried siblings are not allowed to buy or rent separate flats under the Orphans Scheme.

If an orphan is the only child and single, he can apply under the SSC scheme if he is at least 21.
Citizen/SPR Siblings Scheme2 SPRs21Two single siblings whose parents are not SCs and not residing in Singapore permanently.Siblings of the same parents are not allowed to buy separate flats.
Conversion Scheme1 SC* & SPR** or 2 SPRs21Applicant, spouse & children, if any; or Applicant (single), parents & siblings; or Applicant (widowed, divorced or separated) and children legally under his custody.You can buy:
(i) 2 units of 3-room or smaller flat from the open market; or
*(ii) an adjoining 3-room or smaller flat from the open market
Note: *you must be a flat owner of a 3-room or smaller flat.


Engage Me As your Agent


It is not difficult to find a professional real estate who not only help you to find the right property, but also assist you in negotiating for the right price. As a professional real estate agent, he /she will able guide you through the process and make recommendations on-financing, legal representation and logistics issues (e.g. timing for moving-in). The following criteria may assist you in finding the right agency and real estate agent:

a. Which agency has the largest market shares in the HDB Resale Markets?

b. Which agency has recently won the Read Digest Trusted Brand – Gold Award?

c. Which agency has recently won Singapore Most Promising Brand Award?

d. Which agency’s website is the most appealing and user friendly for buyers?

e. Which agency provides you with agents who had recently transacted units in the neighbour?

f. Which agency provides you with the list of agents who has an IEA Member with a Practicing Certificate for a Peace of Mind?

g. Which friends or relative had transacted a property and extremely happy with their agents’ service?

Once you have a list of agencies and agents, make an appointment with each one to learn more about their services. Find out if agent is willing to do a free comparative market analysis (CMA) and recommend the search plan for you.


HDB Resale Checklist

HDB has introduced a Resale Checklist for Housing agents to ensure that buyers are aware of the relevant and important HDB sale and financing policy when buying a HDB flat. It takes effect for Resale Application received by HDB on or after 1 May 2008. The appointed real estate agents will guide you through a HDB Resale Checklist.


Financing

HDB Loan – Only Singapore Citizens are eligible to take a HDB loan, you have to meet loan eligibility conditions and obtain an HDB loan Eligibility (HLE).

Bank loan- Compare the banks’ interest rates and special terms when choosing your finance scheme. Also decide whether floating rate or Fixed rates is more suitable for you

Buyers Financial Plan

APrice 
 1. Purchase Price $
 2. Valuation $
 3. Cash Top-Up $
 4. ___ % Cash for Bank Loan $
B.Utilisation of CPF 
 5. ___ % Valuation $
 6. Legal & Stamp & HPIS
   (HPIS: Home Protection Insurance Scheme)
$
 7. Total $
 8. CPF Available (Ordinary)
        (add CPF grant, if any)
$
 9. *Shortfall/Excess in CPF
Additional Cash Top-Up
$

C.Loan 
 10. Household Income $
 11. Age of Applicants  
 12. ___ % of Valuation$
 13. Max. Loan Eligible$
 14. Cash Shortfall$
 15. Total Cash Required
   (s/no. 3+4+9+14)
$

D.Repayment 
 16. Monthly Repayment  
 17. Less Monthly CPF (Ord A/C) $
 18. Monthly Cash $

E.Others 
 19. CPF Refund $



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Veron Leo
Division Director
PROPNEX REALTY PTE LTD
veron.leo82@gmail.com
CEA Licence No.:
L3008022J / R014348D
(+65) 9386 9116
(+65) 9336 7767