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Hi, I am single and wish to buy a resale HDB in Ang Mo Kio. Kindly advise if I am able to buy a resale HDB as "single" and from your experience, what is the resale value if I wish to sell in 5-10 years time? The flat that I am interested in currently has 56 years remaining lease.
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5 Answers

Hi,

According to HDB rules and regulation, eligibility of Single Citizen Scheme is as follow:
1) Must be SC
2) Age:
>35 yrs old if unmarried or divorced
>21 yrs old if widowed or an orphan
3) ** For orphan: at least one of deceased parents must be SC or SPR,
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Hi,
According to HDB rules and regulation, eligibility of Single Citizen Scheme is as follow:
1) Must be SC
2) Age:
>35 yrs old if unmarried or divorced
>21 yrs old if widowed or an orphan
3) ** For orphan: at least one of deceased parents must be SC or SPR,
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Robbie Chen Chee Howe
Hi,

You only qualify for Single Scheme if you're a Singapore Citizen above age 35.

May I know your age? And what's your objective of purchasing such an old flat? Do take note that after 10 years, the balance lease of the flat would be left with 46 years. Is that where you will want to exit? And if you were to exit, what will be your plan like?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi,

You may be able to purchase under the Single Singapore Citizen scheme if you are SC and 35 years and above.

Older flats do have an appeal due to bigger size and maybe better locality. However do note that the remaining lease of the property should cover you to the age of 95 and above. If your age + remaining lease is less than 95 years, there will be some restrictions on the CPF usage as well as the HDB loan.

With the above restriction, come 5 to 10 years later, the pool of buyer will likely be mostly just older buyers and with lower demand may in turn result in lower price.

Buying a property is usually our largest purchase hence it is important to fully understand the implications of buying an older flat before committing your hard-earned money.

Please feel free to get in touch with me directly for more prompt responses for require further clarification and assistance. Have an awesome day ahead!

Best regards,
Vera Wang
Assoc. Group Director
CEA Reg. No.: R051578J
PropNex Realty Pte Ltd

Mobile: +65 8777 7907 
Email: wangvera88@gmail.com
Web: https://sgpropertyportal.com.sg/
Facebook: https://www.facebook.com/verawangprop
Building Relationships One Home at a Time Read More
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Hi
You are able to purchase a resale as a singles if you are above 35 and will be able to enjoy CPF grants as a first timer. As for the resale value in years to come, I will explain further if we got a chance to meet. I am specialised in HDB and have assisted several singles like yourself in getting house. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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