What is a Resale HDB? It is a HDB flat that is available for sale in the open market after the owners have met the Minimum Occupation Period (MOP) of 5 years. The owners haveeither purchased the flat under the HDB BTO scheme (Built to Order), or from the HDB resale market, and have met the MOP before being able to sell it off.
Only Singapore citizens (SC) and Singapore Permanent Residents (PR) who have been a PR for 3 years are eligible to purchase a HDB in the resale market. A HDB resale flat can be purchased under a public scheme, fiance/ fiancee scheme, single SC scheme, joint singles scheme, non-citizen spouse scheme, non-citizen family scheme, orphans scheme and conversion scheme.
There are various HDB grant available in the form of CPF to assist buyers in the lower income range to own a house of their own in the HDB resale market. The 3 grants available are family grant ($20K or $30K), additional housing grant (AHG $5k – $40K) and proximity housing grant (PHG $10K or $20K).
If you are keen to buy a HDB flat in Singapore, do leave an enquiry with us and we will be able to explain the sale process and guide you step by step.
The eligibility criteria for the schemes and grants are also available at the HDB Info Web, and so does the HDB sales launch (BTO).
It will be easier to leave us an enquiry, we will contact you and ensure that you have a smooth and happy experience purchasing a home of your own!
Alternatively, if you can also check out the upcoming Seaside Residences, launching in April 2017.