SOURCE: CPF Board
If you’re a single Singapore Citizen, here’s a quick guide to buying a resale flat, and the grants available to you.
To purchase a resale flat, you have to be a Singapore Citizen who is at least 21 years old if widowed or orphaned*, or at least 35 years old if single or divorced. You must also be a first-timer applicant, meaning that you must NOT:
- Be the owner of a flat bought from HDB, or an Executive Condominium (EC) or Design, Build and Sell Scheme (DBSS) flat bought from a developer
- Have sold a flat bought from HDB, or an EC/ DBSS flat bought from a developer
- Have received any CPF Housing Grant for the purchase of an HDB resale flat
- Have received any form of housing subsidy, e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS), HUDC estate privatisation
Single Singapore Citizen Scheme
If you are buying a resale flat under the Single Singapore Citizen Scheme, you might be eligible for up to $45,000 worth of grants.
- Singles Grant: $15,000
- Additional Housing Grant (Singles): $2,500 – $20,000
- Proximity Housing Grant: $10,000
Joint Singles Scheme
If you are buying a resale flat with co-applicants, under the Joint Singles Scheme, you might be eligible for up to $90,000 worth of grants.
- Singles Grant: $30,000
- Additional Housing Grant (Singles): $5,000 – $40,000
- Proximity Housing Grant: $10,000/applicant (capped at $20,000)
For detailed eligibility conditions of the grants, you may refer to HDB’s website.
* At least one of your deceased parents must have been a Singapore Citizen or a Singapore Permanent Resident. You must not have another sibling who is below 35 years old buying/ owning another flat under the Orphans Scheme, Single Singapore Citizen Scheme or the Joint Singles Scheme.
^ Average monthly income for 12 months (continuous) before, and at point of flat application.
For a non-obligation discussion, feel free to chat with Irene 98468648. Cheers!