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Singapore PR HDB Flat Eligibility: 6 Key Conditions to Buy a Resale Flat

September 27, 2023

Can a Singapore Permanent Resident (SPR) purchase an HDB flat? Yes, but there are specific eligibility conditions that must be met. In this article, we will delve into the requirements and explore alternative housing options for SPRs.

Eligibility for Singapore Permanent Residents (SPR) to Purchase an HDB Flat

An SPR can purchase a resale HDB flat, but they must do so jointly with a Singapore Citizen. To be eligible, they must fall under either the HDB Public Scheme (buying with family members) or the HDB Fiance/Fiancee Scheme (buying with a fiancé or fiancée). In essence, an SPR cannot buy a resale flat in Singapore on their own. Additionally, they are not eligible to purchase new or government-subsidised flats, such as Sale of Balance Flats (SBF) and Built-to-Order (BTO) Flats.

Here are some key eligibility conditions for an SPR looking to buy a resale flat in Singapore:

Age Requirement The individual must be at least 21 years old and have held SPR status for a minimum of three years.
Family Ties If an unmarried individual is purchasing a flat with a family member, at least one of them should be a Singapore Citizen or SPR.
Ethnic Integration Policy (EIP) and SPR Quota The SPR must comply with the Ethnic Integration Policy (EIP) and SPR quota for the respective neighborhood or block during the application process.
Household Status If the purchase involves an SPR household, all co-owners (or occupiers) must have held SPR status for at least three years.
Minimum Occupation Period (MOP) The property cannot be sold or leased out during the minimum occupation period, which is five years.
Ownership of Other Properties An SPR applicant cannot own any other private property, whether in Singapore or overseas, at the time of applying for a resale HDB flat. Failure to comply will require selling the additional property within six months of acquiring the resale HDB flat.

Can SPRs Buy a New HDB Flat?

Under the HDB Public Scheme, Permanent Residents (PRs) are eligible to purchase new HDB flats, such as Built-to-Order (BTO) flats, only if they are in a legally recognized marriage with a Singapore Citizen. They have the option to choose from 2-room Flexi, 3-room, 4-room, and 5-room flats. It's important to note that there are specific income ceilings that PRs must adhere to for each of these flat types. Find a detailed guide to HDB flat eligibility here.

Alternative Housing Options for SPRs

While purchasing an HDB flat may be a viable option for SPRs, there are alternative housing choices to consider:

  1. Resale Executive Condominiums (ECs): Although single SPRs cannot buy new ECs, they can explore the secondary market for MOPed and privatised ECs. The advantage of purchasing a resale EC is that it is move-in ready, eliminating the typical waiting period for a Temporary Occupation Permit.
  2. Private Condominiums: Acquiring a private condominium is a straightforward option for single SPRs, as there are fewer restrictions compared to other housing options. Individuals aged 21 and above can purchase a private condo, enjoying benefits like proximity to prime areas and access to facilities such as gyms and swimming pools.
  3. Strata Landed Homes: Strata Landed Homes, also known as cluster houses, offer communal facilities similar to condo developments. They consist of low-rise projects comprising terrace houses, semi-detached houses, bungalow homes, or a combination of these property types. Strata landed homes are more affordable than traditional landed properties, although maintenance fees may be higher due to the smaller number of residents. Single SPRs can only purchase strata landed homes within approved condominium projects.

In conclusion, while SPRs can buy resale HDB flats in Singapore, they must meet specific eligibility criteria. Additionally, there are alternative housing options available, including resale ECs, private condominiums, and strata landed homes, depending on individual preferences and circumstances. Understanding these options is essential for making informed decisions about property ownership in Singapore as an SPR.

As you navigate the Singapore property market as a hopeful homeowner, services like Sendhelper can be valuable in simplifying your life once you find your perfect abode, offering a range of household assistance services to ensure your property is well-maintained and your daily tasks are made more manageable, ultimately contributing to a more comfortable and enjoyable living experience.

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