Public housing in Singapore is handled by the Singapore HDB, or Housing and Development Board. Most of the residential housing in Singapore are publicly owned and constructed. HDB flats are relatively inexpensive, and financial assistance through the Central Provident Fund is available. They are generally found in close proximity to many necessities that most homeowners seek.
Benefits And Eligibility
There is an added flexibility when it comes to the HDB Eligibility plan for singles 35 years of age and above. If you satisfy these standards, you are qualified to purchase the resale flat on your own as a single based on the Single Singapore Citizen Scheme. On the other hand, you may also buy the resale property with another single, for up to 4 applicants, based on the Joint Singles Scheme.
Singapore citizens can buy a Singapore HDB flat if they are aged 21 years or more. They must have the capacity to develop family nucleus, and each must have another family member who is either one of the family nucleus or a permanent resident of the country. Finally, one should be able to satisfy the standards when it comes to household status, income ceiling, and elapsed time prior to the submission date.
How To Buy
After reviewing your qualifications, find a Singapore HDB flat that’s for sale via the HDB official website. Then, establish your loan qualifications for buying a HDB flat and submit your buying application online or by completing a form at any HDB branch. Have your flat booked after being shortlisted for buying. Finally, sign the lease agreement and obtain your keys from the agent.
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