Yishun
Besides the above, note that you are subject to the usual restrictions of HDB flats that apply to everyone. This includes an income ceiling of $14,000 per month, the five-year Minimum Occupation Period (MOP), and not owning any other property locally or overseas.
However, there are no restrictions on flat size or location, if you buy a resale flat. Also, keep in mind that there’s no income ceiling for resale flats.
Available grants when buying with a foreign spouse
You can get two grants when buying under the NCS scheme: the Enhanced Housing Grant (EHG) for singles, and the Singles Grant.
Restrictions on size for BTO
New ECs only accessible via JSS
Mortgage Servicing Ratio (MSR)
1. Citizenship
Singles can buy an HDB flat under the Single Singapore Citizen Scheme (SSCS) or Joint Singles Scheme (JSS). The latter allows up to four unrelated singles to co-own a flat.
However, both schemes require you to be a Singapore citizen.
2. Age requirement
To buy an HDB flat as a single, you have to be at least 35 years old (the other usual restrictions, such as ethnic quotas and being a Singaporean or Permanent Resident, also apply).
If you’re unmarried or divorced, and have legal custody of a child, you and your child can form a family nucleus. This allows you to buy flats under the public scheme from the age of 21, subject to the usual eligibility requirements.
April 19, 2021
Carousell
The digital aspects of Singapore’s private property market have grown to new proportions – from a time when people didn’t trust online listings, to today when you can buy a house by tapping on your phone.
In this week’s property journey , we look at how a couple found their dream home online, and on Carousell:
Buying without an agent
P & A are a couple in their mid-twenties, who have also shared their home-buying journey on Instagram @ourfirsthome.sg . The couple was previously staying with their parents, so were eager to get a place of their own. However, they didn’t go the usual route and contact an agent.
Yishun
Note that these may change over time. The HDB website will always specify whether an estate is considered mature or non-mature, for each sale exercise.
If you are willing to settle for a resale flat though, there’s no restriction on size and location. You may buy any kind of resale flat, in any location, under the SCCS.
Other requirements to remember:
You must not own another property at the time of application. If you just sold a private property, you must wait 30 months before you can apply for a BTO flat (this restriction doesn’t apply for resale flats).