HDB Information

HDB stands for the Housing and Development Board in Singapore. The duty of this board is to look after the housing needs of the general public in Singapore. In this article, we are going to discuss some of the frequently asked questions that many people have in their minds before they opt for HDB properties.

1. Who can buy a HDB flat?

The citizens of Singapore can purchase a HDB flat if they are 21 years or older at the time of applying for the flat. He or she should also have the ability to form family nucleus. In addition to this, the citizen should have one other fmaily member who is either a part of the faily nucleus or a permanent resident of Singapore. Last but not the least, he or she should be able to meet the requirements relating to income ceiling, household status, elapsed time before the application date.

2. What are the things that I should do prior to purchasing a new HDB flat?

I am sure you must be aware of the fact that purchasing a new flat or HDB property is a long term commitment (financial) and it could last for more than two decades. Incase you do not wish to have any financial problems in the future then make sure that you do your calculations well before you purchase a HDB property.

3. Can you tell me the income ceiling for buying a HDB flat in Singapore?

If you wish to purchase a HDB flat in Singapore then you will need to meet the income ceiling that has been stipulated by HDB. You can find out more about the income ceiling by checking the website of HDB.

4. Can I purchase a resale flat from HDB?

You will have to qualify under one of the schemes below if you wish to buy a resale flat from HDB:

- Citizen/SPR Siblings scheme.

- Non-citizen Family Scheme.

- Non-citizen Spouse Scheme.

- Public Scheme.

- Joint Singles Scheme.

- Orphans Scheme.

- Single Singapore Citizen Scheme.

- Fiance/Fiancee Scheme.

So you see, the requirements relates to family nucleus, age and citizenship. Incase you meet the requirements as stated above then you will also have to meet the requirements of the Ethnic Integration Policy. This policy fixes the maximum ratio for ethnic groups in each and every block.

5. How can I get in touch with HDB?

If you are planning to buy a HDB property from HDB then you will have to get in touch with the Housing and Development Board. There are several methods or ways through which you can contact HDB and perhaps the easiest and the best way to get in touch this board is to check out the website of HDB.

6. Can you tell me what CPF Housing Grant is?

This is a Grant that offers help to the married citizens in Singapore who are planning to purchase a resale flat for the first time in the open market.

For more information for HDB Click here HDB

Buy, Sell, Rent, Invest, In Singapore

MINDY YONG

( +65 ) 91002985

Fax: (+65) 64021826

mindy@mindyyong.com