Asked by Anonymous
What are the HDB eligibility rules for resale flats?
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3 Answers
Hello,
What are the HDB eligibility rules for resale flats?
What are the HDB resale eligibility conditions and requirements for an SPR?
How do you check if I am eligible for HDB?
Can I sell my resale HDB flat before 5 years?
Can I rent out my resale flat before 5 years?
To be eligible to purchase a resale HDB flat in Singapore, you and/or your family members must meet the following criteria:
Citizenship: At least one applicant must be a Singapore Citizen.
Age: All applicants must be at least 21 years old.
Family nucleus: The applicants must form a family nucleus, which can consist of a married couple, siblings, or single parents with children.
Income: The combined income of all applicants must not exceed the income ceiling, which is updated periodically.
Ownership of property: You cannot own any private property, or have disposed of any private property in the past 30 months.
Minimum occupation period: You must have fulfilled the minimum occupation period (MOP) of 5 years for your current HDB flat, before you can buy another HDB resale flat.
Outstanding housing loans: You cannot have any outstanding housing loans with HDB or banks for any other property.
Ethnic quota: There are ethnic quotas for HDB resale flats, and applicants must ensure that they do not exceed the quota for the area where the flat is located.
It's important to note that these eligibility criteria are subject to change, so it's always best to check the latest rules and regulations from the Housing and Development Board (HDB) in Singapore.
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What are the HDB eligibility rules for resale flats?
What are the HDB resale eligibility conditions and requirements for an SPR?
How do you check if I am eligible for HDB?
Can I sell my resale HDB flat before 5 years?
Can I rent out my resale flat before 5 years?
To be eligible to purchase a resale HDB flat in Singapore, you and/or your family members must meet the following criteria:
Citizenship: At least one applicant must be a Singapore Citizen.
Age: All applicants must be at least 21 years old.
Family nucleus: The applicants must form a family nucleus, which can consist of a married couple, siblings, or single parents with children.
Income: The combined income of all applicants must not exceed the income ceiling, which is updated periodically.
Ownership of property: You cannot own any private property, or have disposed of any private property in the past 30 months.
Minimum occupation period: You must have fulfilled the minimum occupation period (MOP) of 5 years for your current HDB flat, before you can buy another HDB resale flat.
Outstanding housing loans: You cannot have any outstanding housing loans with HDB or banks for any other property.
Ethnic quota: There are ethnic quotas for HDB resale flats, and applicants must ensure that they do not exceed the quota for the area where the flat is located.
It's important to note that these eligibility criteria are subject to change, so it's always best to check the latest rules and regulations from the Housing and Development Board (HDB) in Singapore.
==============================
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https://wa.me/c/6583004411
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but also other relevant questions that people already asked.
==================================================
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#AskRealtorMani @AskRealtorMani +65 8300 4411
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Check my profile https://linktr.ee/AskRealtorMani (New)
(Get the updated list of lowest-priced properties)
Watch more than 500+ Videos, Practical Property Tips
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Read more practical property tips
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How much is my home worth?
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Watch my latest videos, Get more practical property tips, and Join me on TikTok Now https://now.tiktok.com/@askrealtormani/invite?_t=8XjJ2yJiKtF
Read more latest property tips at my blog site https://askrealtormani.blogspot.com/
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Latest infographics on Pinterest https://www.pinterest.com/AskRealtorMani/
Check my profile https://linktr.ee/AskRealtorMani (New)
Get 1000+ Practical tips for property buying, selling, and investing
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Get all these at no cost to you and more...
Below Market Value Properties Deals - ALERT
Auction and Private Treaty, Fire Sale - LIST
Indicative Home Valuation - REPORT
Latest Property News, Trends, Market Outlook - REPORT
Financing and Marketing Analysis Reports - PROPOSAL
Legal and Tax Planning - RESOURCES
Compare Freehold Vs Leasehold properties - CHART
Compare New launch Vs Resale properties - CHART
Loan, Tax, CPF, Property financing - CALCULATORS
Rental yield, capital gain, EnBloc potential - CALCULATORS
For the buyer, get value buy property - LIST
For the seller, let my ready buyer view your property - VIEW
For the investor, get the list of below market value properties - DEALS
For tenants and landlords to find faster and better deals - RENTAL
Buying and/or selling a property?
I can help you to avoid costly mistakes, and save effort, time and money.
Get an actionable plan/proposal at no cost to you. Read More
1
Hi,
1) The HDB flat is meant for Singapore Citizens (SC) and Singapore Permanent Residents (SPR) who decided to settle in Singapore.
2) The HDB board is served to encourage SC and SPR to build a family as soon as possible.
3) Therefore the majority of the eligibility schemes you may see are for family nucleus, and minority for Singles who decided to stay Single. This was the main reason for the age limit.
4) The only difference between a new flat and resale flat eligibility is an additional of the Non-Citizen Family Scheme.
5) This is meant for families comprised of non-citizens and non-permanent residents with at least one Singapore Citizen to be able to buy a home of their own.
6) You may refer to the below link to check whether you are eligible for buying a resale HDB flat here:
https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/flat-and-grant-eligibility
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) The HDB flat is meant for Singapore Citizens (SC) and Singapore Permanent Residents (SPR) who decided to settle in Singapore.
2) The HDB board is served to encourage SC and SPR to build a family as soon as possible.
3) Therefore the majority of the eligibility schemes you may see are for family nucleus, and minority for Singles who decided to stay Single. This was the main reason for the age limit.
4) The only difference between a new flat and resale flat eligibility is an additional of the Non-Citizen Family Scheme.
5) This is meant for families comprised of non-citizens and non-permanent residents with at least one Singapore Citizen to be able to buy a home of their own.
6) You may refer to the below link to check whether you are eligible for buying a resale HDB flat here:
https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/flat-and-grant-eligibility
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1