Elderly private property owners can buy HDB’s two-room flexi flats

4 Jul 2017


Private property owners are generally not eligible to acquire new Housing and Development Board (HDB) flats.

This comes as new HDB flats are heavily subsidised, hence, the government “prioritise such housing for those who need them more, such as first-time homebuyers and households who cannot afford private housing,” said the Ministry for National Development in a written answer to Parliament on Monday (3 July).

Nonetheless – to facilitate housing monetisation –the ministry allows elderly private property owners aged 55 and above to purchase two-room Flexi flats on shorter leases of between 15 and 45 years.

The elderly owners, however, are required to sell their private residential property within six months of taking possession of the HDB flat.


This article was edited by Denise Djong.

Lawrence Wee
Aug 01, 2017
Must the PP owner pay resale levy if they had not done so when they sold their 1st flat? Also I wondering if they could ask for the full 99yr lease instead of the shortened one n when they sell it, could they sell in open market I wonder?
Lawrence Wee
Aug 01, 2017
Must the private property owner pay levy if applicable ie they didnt pay this when they sold their first hdb flat. Also can the PP buyer choose full 99 yr lease instead n when they relinquish later can sell in open market or must return to hdb at pro rated price?
Bernard Koh
Jul 17, 2017
Why can't the elderly retain their Pte property? After its l paid up for and can be used to rent out their property and earn an income. No one out there is going to fend for the seniors. They are not getting it for free. Subsidised or not it is still a hefty sum to pay. Please don't deprive the elderly.

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