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Singles can buy any type of resale HDB flats

From 15 Sep 2004, single citizens can buy any type of resale HDB flats on their own under the Single Singapore Citizen (SSC) Scheme.

Revised Singapore Citizen Scheme

Currently, under the SSC scheme, a single citizen aged 35 and above can buy a 3-room or smaller resale HDB flat alone.

To provide singles with more housing choices and to meet their aspirations of owning bigger homes, the Government will lift the flat type restriction and allow singles to buy any type of resale HDB flat from the open market on their own.

The eligibility criteria for the singles housing grant and HDB concessionary loan under the SSC scheme will be refined to maintain parity of treatment for enjoyment of housing and mortgage subsidies between singles and families.

The income ceiling to qualify for the singles grant and concessionary loan will be revised from $8,000 to $3,000 per month. The singles grant and concessionary loan will also be extended to singles buying 5-room or smaller resale flats. 

Other Policy Refinements

In line with the revised SSC scheme, the rehousing benefits for single lessees whose flats are affected by SERS will be revised. Single SERS lessees will now be offered a 3-room replacement flat or up to the equivalent of their existing flat type.

They will enjoy a 20% price discount on the subsidised selling price of the replacement flat up to a maximum of $11,000, if they buy up to the equivalent of their existing flat type and not bigger than a 5-room flat.

The resale levy on the sale of flats bought with a singles housing grant under the SSC scheme will be reduced to half of the prevailing levy rates of the respective flat type.

The revised housing policies for singles under the SSC scheme and the implementation dates are at Annexes A and B respectively.

Public Enquiries

For enquiries, the public can visit the HDB Infoweb at www.hdb.gov.sg or contact HDB through the following channels:

(a) Resale/Sales Enquiry Line : 1800 8663 066

(b) SERS Enquiry Line : 1800 8663 070

(c) HDB Branch Offices : 1800 2255 432

More.....

Source: Ministry of National Development Press Release 31 Aug 2004

 

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Wednesday
1 September 2004