Can Singapore Permanent Residents Buy an HDB Flat?
Yes, Singapore Permanent Residents (SPRs) can purchase an HDB resale flat—but there are strict eligibility conditions to meet. This article breaks down the key requirements and explores alternative housing options for SPRs in Singapore.
Eligibility Criteria for SPRs to Buy an HDB Resale Flat
SPRs can buy a resale HDB flat, but they must do so with a Singapore Citizen under either the HDB Public Scheme (purchasing with family members) or the HDB Fiancé/Fiancée Scheme (buying with a spouse-to-be). Single SPRs cannot purchase an HDB resale flat alone. Additionally, they are not eligible for new or government-subsidized flats, such as Sale of Balance Flats (SBF) and Built-to-Order (BTO) Flats.
1. Age Requirement
- The SPR must be at least 21 years old.
- They must have held PR status for at least three years.
2. Family Ties
- If an unmarried SPR is purchasing a resale flat, at least one of the co-owners must be a Singapore Citizen or another SPR.
3. Ethnic Integration Policy (EIP) & SPR Quota
- The purchase must comply with the Ethnic Integration Policy (EIP) and SPR quota regulations for the neighborhood and block.
4. Household Status
- If multiple SPRs are co-owning the flat, all must have held PR status for at least three years.
5. Minimum Occupation Period (MOP)
- The flat must be occupied for a minimum of five years before it can be sold or rented out.
6. Ownership of Other Properties
- An SPR applicant cannot own private property in Singapore or overseas at the time of applying.
- If they do, they must sell it within six months of acquiring the resale HDB flat.
Can SPRs Buy a New HDB Flat?
SPRs are not eligible to buy new HDB flats unless they are legally married to a Singapore Citizen. Under the HDB Public Scheme, such couples can apply for BTO flats in various configurations, but they must also meet income ceiling requirements.
Alternative Housing Options for SPRs
If an HDB resale flat isn’t an option, SPRs can explore other housing choices in Singapore.
Resale Executive Condominiums (ECs)
- Single SPRs cannot buy new ECs but can purchase resale ECs that have met the Minimum Occupation Period (MOP).
- Resale ECs offer the advantage of being move-in ready, without the wait for a Temporary Occupation Permit.
Private Condominiums
- Private condos have fewer restrictions and are available to single SPRs aged 21 and above.
- They offer premium facilities such as gyms and pools, often in prime locations.
Strata Landed Homes
- Also known as cluster houses, these offer communal condo-like amenities.
- They include terrace houses, semi-detached houses, and bungalows within approved condo developments.
- SPRs can only buy strata-landed homes within designated projects.
Final Thoughts
While SPRs can buy resale HDB flats, they must meet strict criteria. Alternative options such as resale ECs, private condominiums, and strata landed homes offer more flexibility, depending on individual needs and budgets. Understanding these housing choices ensures you make the best decision for your long-term home in Singapore.
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