Are you a single individual looking to own a home in Singapore? Good news!Â
The government offers housing grants specifically designed to assist singles in purchasing an HDB flat, and these grants can help cover the downpayment and flat costs.
Whether you’re a first-time applicant or interested in buying a resale flat, various grant options are available.Â
Discover how owning a home in Singapore is now more affordable and accessible for singles like you.
Key Takeaways
| Topic | Key Takeaway |
|---|---|
| HDB Singles Grant | – Housing grant for singles in Singapore to purchase HDB flats – Can be used to offset downpayment and flat cost – Eligibility criteria: Singapore citizen, at least 35 years old, monthly income not exceeding $7,000 |
| Other housing grants for singles in Singapore | – Enhanced CPF Housing Grant (EHG) – Singles Grant for HDB Resale Flats – Joint Singles Scheme – Proximity Housing Grant for Singles – Each grant has its own eligibility criteria and grant amount – Maximum income ceiling for these grants is $9,000 |
| Choosing the right grant | – Evaluate eligibility criteria, housing needs, and budget – Seek assistance from a housing agent or bank loan officer to understand the options available |
| Eligibility criteria for single applicants | – Singapore citizen, at least 21 years old – No previous housing subsidy – Monthly income within the specified ceiling – Not own or dispose of any private residential property |
| The maximum income ceiling for single applicants | – $7,000 |
| Enhanced CPF Housing Grant for Singles | – Housing grant for first-time property buyers – Can be used for new or resale HDB flats – Maximum grant amount up to $80,000 |
| Eligibility Criteria for Enhanced CPF Housing Grant | – First-time applicant, Singapore citizen, at least 21 years old – No previous housing subsidy – Monthly income not exceeding $9,000 |
| Singles Grant for HDB resale flats | – Grant to encourage singles to purchase HDB resale flats – Maximum grant amount up to $25,000 |
| Eligibility Criteria for Singles Grant | – Singapore citizen, at least 35 years old – First-time applicant purchasing a resale flat with other single applicants – Monthly income not exceeding $7,000 |
| Joint Singles Scheme |
– Scheme allowing two to four single Singapore citizens to apply jointly for an HDB flat |
| Eligibility Criteria for Joint Singles Scheme | – Singapore citizen, at least 35 years old, applying as part of two to four joint singles – Monthly household income not exceeding $14,000 |
| Proximity Housing Grant for Singles | – Grant to encourage singles to live closer to their parents – Maximum grant amount up to $30,000 for the purchase of a resale flat within 4 km of parents’ residence |
| Eligibility Criteria for Proximity Housing Grant for Singles | – Singapore citizen, at least 21 years old, purchasing a resale flat within 4 km of parents’ residence – Monthly income not exceeding $7,000 |
| Maximizing housing grants | – Different types of grants available based on eligibility and housing needs – Grants can provide substantial amounts to offset flat costs |
| Resale market and eligibility requirements | – Resale flats are sold in the open market, more expensive but central with shorter waiting times – Eligibility: Singaporean citizen, at least 35 years old, no private property in the last 30 months |
| Resale application process | – Search for a suitable resale flat – Submit an application to HDB – Approval of seller and signing of the lease agreement – Payment of necessary fees |
| Pros and cons of purchasing a resale flat as a single | – Advantages: Availability, quicker process, choice of non-mature estate – Disadvantages: Wear and tear, loan difficulties, limited grants |
Understanding the HDB Singles Grant: An Overview
What is the HDB Singles Grant?
The HDB Singles Grant is a housing grant offered by the government of Singapore to assist singles in purchasing an HDB flat.
The grant amount can be used to offset the downpayment and the cost of the flat.
As a single applicant, you can apply for the HDB Singles Grant if you meet the eligibility criteria.
What are the eligibility criteria for the HDB Singles Grant?
To be eligible for the HDB Singles Grant, you must be a Singaporean citizen at least 35 years old and have never received any housing subsidy from the government before.
You must also be a first-time applicant or looking to buy a resale flat with your other single applicants.
Additionally, your monthly income must not exceed $7,000.
How much grant amount can you receive?
If you are eligible for the HDB Singles Grant, you can receive up to $25,000 for the purchase of a new Build-to-Order (BTO) flat or a resale flat.
This grant amount can be used to offset the downpayment and the cost of the flat.
Exploring Housing Grants for Singles in Singapore
What are the different types of housing grants available for singles in Singapore?
Other than the HDB Singles Grant, the government of Singapore has launched several other housing grants for singles.
These include the Enhanced CPF Housing Grant (EHG), Singles Grant for HDB Resale Flats, Joint Singles Scheme, and Proximity Housing Grant for Singles.
Each of these grants has its own eligibility criteria and grant amount.
How do you know which grant to apply for?
The grant you can apply for will depend on your eligibility criteria, housing needs, and budget.
You should evaluate your options and apply for the grant that meets your requirements.
You can seek the assistance of a professional housing agent or a bank loan officer to understand the different options available to you.
What is the income ceiling for the different types
of grants?
The maximum income ceiling for Enhanced CPF Housing Grant, Singles Grant for HDB Resale Flats, Joint Singles Scheme, and Proximity Housing Grant for Singles is $9,000.
Single Applicants: Eligibility Criteria for HDB Grants
What are the eligibility criteria for single applicants?
Single applicants must be Singapore citizens aged at least 21 years old at the time of the application.
They are eligible for HDB grants if they have not received any form of housing subsidy before and their monthly income does not exceed the income ceiling.
Additionally, they must not own any private residential property or have disposed of any such property in the 30 months preceding the date of the flat application.
What are the requirements to apply for an HDB flat as a
single applicant?
The requirements to apply for an HDB flat as a single applicant include having a valid SingPass account, being registered under the Single Singapore Citizen Scheme, and having sufficient money in your CPF accounts to pay the downpayment and other fees.
You must also submit the required documents, such as income documents, to prove your eligibility.
What is the maximum income ceiling for single applicants?
The maximum income ceiling for single applicants is $7,000.
Enhanced CPF Housing Grant for Singles: Explained
What is the Enhanced CPF Housing Grant for Singles?
The Enhanced CPF Housing Grant (EHG) is a housing grant offered by the government of Singapore to assist first-time property buyers in purchasing a new or resale HDB flat.
The EHG provides a more substantial grant amount than the previous CPF Housing Grant, with eligible singles able to receive up to $80,000 in grant amount.
How much grant amount can you receive with the
enhanced CPF Housing Grant for singles?
If you are an eligible single applicant for the EHG, you can receive up to $80,000 in grant amount for the purchase of a new or resale HDB flat.
What are the eligibility criteria for the enhanced CPF
Housing Grant for Singles?
To be eligible for the EHG, you must be a first-time applicant who is a Singapore citizen, at least 21 years old, and has not received any housing subsidy from the government before.
Additionally, your monthly income must not exceed $9,000.
The Singles Grant: A Financial Boost for HDB Resale Flats
What is the Singles Grant for HDB resale flats?
The Singles Grant is a housing grant launched by the government of Singapore to encourage more singles to purchase HDB resale flats.
It provides eligible singles with a grant amount of up to $25,000, which can be used to offset the downpayment and the cost of the flat.
What are the eligibility criteria for the Singles Grant?
The eligibility criteria for the Singles Grant include being a Singapore citizen aged at least 35 years old, a first-time applicant, and purchasing a resale flat with other single applicants.
Your monthly income must not exceed $7,000, and you must not have received any housing subsidy from the government before.
How much grant amount can you receive with the Singles
Grant?
If you are eligible for the Singles Grant, you can receive up to $25,000 as a grant amount for the purchase of a resale HDB flat.
Joint Singles Scheme: Buying an HDB Flat with a Partner
What is the Joint Singles Scheme?
The Joint Singles Scheme is a scheme launched by the government of Singapore to mentor more singles into building strong families.
It allows two to four single Singapore citizens to apply for an HDB flat jointly.
The scheme enables singles to enjoy an affordable housing option before they start a family.
How does the Joint Singles Scheme work?
Under the Joint Singles Scheme, two to four single Singapore citizens can apply for a new or resale flat jointly.
They can choose a flat type from 2-room Flexi units to a 5-room flat.
Joint singles can also apply for additional grant amounts in the form of the EHG or the Singles Grant if they meet the eligibility criteria.
What are the eligibility criteria for the Joint Singles
Scheme?
The eligibility criteria for the Joint Singles Scheme include being a Singapore citizen aged at least 35 years old, an eligible single, and applying as part of two to four joint singles.
Your monthly household income must not exceed $14,000, and you must not have received any housing subsidy from the government before.
Proximity Housing Grant for Singles: Enhancing Accessibility
What is the Proximity Housing Grant for Singles?
The Proximity Housing Grant for Singles is a housing grant launched by the government of Singapore to encourage singles to live closer to their parents.
It provides a grant amount of up to $30,000 for eligible singles who purchase a resale flat within 4 km of their parents’ residence.
How much grant amount can you receive with the Proximity
Housing Grant for Singles?
If you are eligible for the Proximity Housing Grant for Singles, you can receive up to $30,000 as a grant amount for the purchase of a resale flat.
The flat should be located within 4 km of your parents’ residence.
What are the eligibility criteria for the Proximity Housing
Grant for Singles?
The eligibility criteria for the Proximity Housing Grant for Singles include being a Singapore citizen aged at least 21 years old, an eligible single, and purchasing a resale flat within 4 km of your parents’ residence.
Your monthly income must not exceed $7,000, and you must not have received any housing subsidy from the government before.
Maximizing Housing Grants: How to Determine the Grant Amount You Can Get
Understanding the Different Types of Grants
There are several types of housing grants available for singles in Singapore.
First-timer singles can apply for the Enhanced CPF Housing Grant (EHG) or the Special CPF Housing Grant (SHG).
The EHG is a grant that can be used for the purchase of BTO or resale flats, and the amount of the grant is based on your income.
On the other hand, the SHG is specifically for first-timer singles in the resale market.
Singles can receive up to $25,000 in grants if they meet the eligibility criteria.
Eligibility Criteria for HDB Singles Grant
To be eligible for the HDB Singles Grant, you must be a Singaporean citizen, at least 35 years old, and earning a monthly income of not more than $7,000.
You must also be a first-time applicant, and you can only apply for the grant once.
Additionally, you must not own any private property locally or overseas, and you must not have disposed of any property within the 30 months prior to the flat application.
Calculating the Maximum Grant Amount
The maximum grant amount that you can receive is dependent on the type of flat you are buying, the purchase price or resale price, and your income.
For example, if you are buying a 4-room flat under the Single Singapore Citizen (SSC) scheme, you can receive up to $40,000 in grants if your average monthly household income is $2,500 or less.
Singles who are looking to buy a 5-room or executive flat can receive up to $20,000 in grants.
Navigating the Process: Buying a Resale HDB Flat as a Single
Exploring the Resale Market
Resale flats are flats that are sold in the open market by their previous owners.
They are usually more expensive than BTO flats, but they tend to be more central and have shorter waiting times.
As a single buyer in the resale market, you can apply for the Family Grant, which is meant for single parents with children.
The Family Grant can provide up to $50,000 in grant.
Eligibility Criteria and Procedures for Resale Application
To be eligible for resale flats, singles must be Singaporean citizens and at least 35 years old.
They must also not have owned or disposed of any private property within the last 30 months prior to the flat application.
Additionally, singles who are applying for the Family Grant must have at least one child who is a Singaporean citizen.
Completing the Resale Transaction
Once you have found a suitable resale flat, you will need to conduct a thorough inspection and agree on a price with the seller.
You will also need to engage a lawyer to handle the conveyancing process and to sign the necessary documents.
Finally, you will need to pay a resale levy to HDB if your flat is not in a non-mature estate.
Exploring the EHG Grant: Affordable Housing Options for Singles
What is the Enhanced CPF Housing Grant?
The Enhanced CPF Housing Grant (EHG) is a grant that can be used for the purchase of BTO or resale flats.
The EHG is meant for first-timer applicants who are looking for affordable housing options.
The amount of the EHG is dependent on your income, and it can provide up to $80,000 in grant.
Eligibility Criteria for EHG
To be eligible for the EHG, singles must be Singaporean citizens and at least 35 years old.
They must also have a monthly income of not more than $9,000.
Additionally, they must not have owned or disposed of any private property within the last 30 months prior to the flat application.
How to Apply for EHG
Singles can apply for the EHG through the HDB website after they have booked a flat.
The application process is straightforward, and applicants can expect to receive the grant within a few weeks of submitting their application.
Singles Buying BTO Flats: Grant Options and Eligibility Requirements
What is the Joint Singles Scheme?
The Joint Singles Scheme (JSS) is a scheme that allows two to four singles to buy a 2-room Flexi or 3-room flat together.
This scheme is meant for singles who are looking for affordable housing options.
Singles can receive up to $50,000 in grant if they meet the eligibility criteria.
Eligibility Criteria for JSS
To be eligible for the JSS, singles must be Singaporean citizens and at least 35 years old.
They must not have owned or disposed of any private property within the last 30 months prior to the flat application.
Additionally, their average household income should not exceed $14,000.
Other Grant Options Available for Singles Buying BTO Flats
Besides the JSS, singles can also apply for the EHG or the Special CPF Housing Grant (SHG) if they meet the eligibility requirements.
Singles can also apply for the Additional CPF Housing Grant (AHG), which is meant for lower- and middle-income households.
The AHG can provide up to $40,000 in grants.
HDB Family Grant for Singles: Support for Single Parents and Their Children
What is the HDB Family Grant?
The HDB Family Grant is a grant that is meant for Singaporean citizen families who are looking to purchase their first HDB flat.
This grant can also be used by single parents who are looking to purchase a resale flat under the SSC scheme.
Single parents who meet the eligibility criteria can receive up to $50,000 in grants.
Eligibility Criteria for HDB Family Grant for Singles
To be eligible for the HDB Family Grant for Singles, applicants must be Singaporean citizens and at least 21 years old.
They must also have at least one child who is a Singaporean citizen.
Additionally, their average monthly household income should not exceed $14,000.
How to Apply for HDB Family Grant for Singles
Singles can apply for the HDB Family Grant for Singles after they have booked a resale flat under the SSC scheme.
The application process is straightforward, and applicants can expect to receive the grant within a few weeks of submitting their application.
In conclusion, owning a home in Singapore can be a daunting task for singles.
However, with the various grants available, it is now more affordable and accessible.
It is important for singles to understand their eligibility criteria and grant options before making a purchase decision.
By maximizing the available grants, singles can now achieve their dream of owning a home in Singapore.
Buying an HDB Resale Flat as a Single: Important Considerations
What are the eligibility requirements for single buyers?
Before purchasing an HDB resale flat as a single, it’s important to meet the minimum eligibility criteria.
Only Singapore Citizens aged 21 years or older may apply.
In addition, they cannot currently own other property and must meet the income ceiling guidelines.
Singles can also form a family nucleus with other single occupiers or their parents to apply under the Fiancé/Fiancée, Orphan, or Joint Singles Scheme (if they are aged 35 years or older and unmarried).
How does the resale flat application process work?
Once a single buyer meets the eligibility criteria, they must start by searching for a resale flat that meets their budget and preferences.
They can use online portals and estate agents to find a suitable resale flat.
The next step will be to submit an application to the HDB.
There is no booking fee involved, but a resale levy may apply if the flat is a subsidised flat.
The property purchase is also subject to the approval of the seller.
Once approved, the buyer will sign a lease agreement and make the necessary payments.
What are the pros and cons of purchasing a resale flat as a
single?
One advantage of purchasing an HDB resale flat as a single is that it increases the availability of flats for a range of applicants.
It’s also a quicker process compared to applying for a Build-to-Order (BTO) flat.
Additionally, the flat buyer has the advantage of choosing a flat in a non-mature estate, which tends to be more affordable than in high-demand areas.
However, the purchase of a resale flat means the flat may have undergone wear and tear, which could require some repairs and upgrades.
Additionally, getting a loan to purchase a resale flat can be more difficult than purchasing a BTO flat.
Another disadvantage is the possibility of limited grants to buy a resale flat.
Housing Grants for Singles: Maximizing Financial Assistance
What are the available housing grants for singles?
Despite the challenges of purchasing a resale flat, singles have access to a wide range of grants and schemes.
The Single Singapore Citizen Scheme (SSC) provides eligible first-time HDB applicants with grants to buy a 2-room Flexi flat, and the 2-room Flexi Sale of Balance Flats.
Other grants available to singles include the Enhanced CPF Housing Grant (EHG), the Special CPF Housing Grant (SHG), and the Singles Grant (up to S$25,000) and Top-Up Grant (up to S$20,000) for eligible second-timer singles who need assistance with their flat purchase.
How much financial assistance can a single applicant
receive?
The actual grant amounts given to single applicants vary and depend on their income tier and eligibility.
For example, first-time singles buying a 2-room Flexi flat or a 2-room SBFF under the SSC can receive a grant of up to S$40,000.
An EHG of up to $80,000 is available to eligible singles purchasing a resale flat in a non-mature estate, whereas SHG amounts can vary from $5,000 to $40,000 depending on the monthly household incomes of the single applicant.
For singles who are unable to purchase a flat in the current resale market, the Joint Singles Scheme provides eligible applicants with a chance to co-purchase a 2- to 5-room resale flat or a 5-room resale flat (if the remaining lease can last until the applicants reach 95 years old).
What are the income eligibility criteria for housing grants?
Income eligibility for housing grants depends on the scheme the single applicant qualifies for.
The income ceiling for the SSC and EHG is $9,000, while the SHG is available to singles with a monthly household income of $7,000 or less.
However, it’s important to note that for all the grants, the income assessment period is based on the average gross monthly income for the 12 months before the flat application submission.
Rental income is also included in the assessment.
Step-by-Step Guide: How to Apply for Housing Grants as a Single Applicant
What documents are required for the grant application
process?
Before starting the housing grant application process, it’s important to have all the necessary documents ready.
This includes the applicant’s identification cards, employment letters and CPF contributions.
Other required documents include the lease agreement, mortgage statement, and any previous payment receipts.
How long does the application process take?
The housing grant application process can take up to 6 to 8 weeks.
After the HDB receives the grant application, it usually issues an in-principle approval for the grant within 2 to 3 weeks.
The actual grant disbursement usually takes place after the resale completion date, and the flat buyer has already taken possession of the flat.
What should single applicants do if they are not eligible for
any grants?
If a single applicant does not qualify for any grants, they may still be eligible to buy a flat through a housing loan provided by HDB or a bank.
They can still take advantage of the CPF Ordinary Account savings and the Additional CPF Housing Grant (AHG) for first-timer families.
There are also additional schemes available for low-income families or families with special needs.
With the Budget 2023 announced on 14 February 2023, HDB housing and the BTO ballot are expected to see some changes.
However, for now, singles who are eligible for the HDB Singles Grant should make use of it and purchase their dream home with the financial assistance provided.
The HDB Singles Grant can be a valuable resource for single Singaporean applicants who want to secure their own property.
The grants and schemes available can significantly reduce the financial burden of a property purchase for a single applicant.
However, it’s important to keep in mind the eligibility requirements, document requirements, and income ceilings throughout the application process.
Conclusion
In conclusion, purchasing an HDB resale flat as a single buyer in Singapore can be a viable option with several important considerations.
It is crucial to meet the eligibility requirements, including age, citizenship, and income criteria.
By exploring the resale market and understanding the application process, singles can find a suitable flat that fits their preferences and budget.
While there are advantages, such as greater availability and shorter waiting times, it is important to be aware of potential drawbacks like the need for repairs and the challenges of obtaining a loan.
Despite these factors, purchasing an HDB resale flat can be a fulfilling and affordable housing option for singles in Singapore.
 If you want to learn more about other housing grants and options available for singles, make sure to check out our related blog articles.
They provide valuable information on grants such as the Enhanced CPF Housing Grant, Singles Grant for HDB Resale Flats, Joint Singles Scheme, and Proximity Housing Grant for Singles.
Each grant has its own eligibility criteria and grant amount, so exploring these options can help you make an informed decision.
Frequently Asked Questions
What is the HDB Singles Grant?
The HDB Singles Grant is a housing grant that was introduced in 2013 to help single Singaporeans in buying their first home.
Who is eligible for the HDB Singles Grant?
Singapore citizens who are single, aged 35 years or older, and have not owned any private or public housing in the past can apply for the HDB Singles Grant.
What is the maximum grant amount for the HDB Singles Grant?
The maximum grant amount that an eligible single can receive is up to SGD 25,000 for the purchase of a resale flat or SGD 20,000 for the purchase of a new built-to-order (BTO) flat under the Singles Scheme.
Can singles purchase a resale HDB flat using the HDB Singles Grant?
Yes, singles can purchase a resale HDB flat using the HDB Singles Grant.
They can receive up to SGD 25,000 in grants, subject to their eligibility and the flat’s remaining lease.
What is the Joint Singles Scheme and can it be used with the HDB Singles Grant?
The Joint Singles Scheme is a scheme where two or more singles can jointly apply for a flat.
Yes, singles can apply for the Joint Singles Scheme and use the HDB Singles Grant if they meet the eligibility criteria for both.
Can the HDB Singles Grant be used for the purchase of an Executive Condominium?
No, the HDB Singles Grant cannot be used for the purchase of an Executive Condominium as they are not considered public housing under the law.
What is the budget for the HDB Singles Grant?
The budget for the HDB Singles Grant is determined by the Committee of Supply (COS), which is a parliamentary process that allocates funds to different government agencies.
The budget for the HDB Singles Grant is subject to change depending on the current supply and demand for public housing in Singapore.
What kind of expenses can the HDB Singles Grant cover?
The HDB Singles Grant can cover costs such as the down payment, cash outlay, and renovations for the flat.
However, it cannot be used for the payment of the monthly housing loan installments or to cover the cost of living allowance.
Can singles who buy resale flats under the singles scheme qualify for a CPF Housing Grant?
Yes, first-timer singles buying resale flats under the singles scheme can qualify for a CPF Housing Grant.
However, the grant amount that they are eligible for will depend on the flat’s remaining lease and their income.
What other grants can singles get when they buy their HDB resale flat?
Apart from the HDB Singles Grant and CPF Housing Grants, eligible first-time HDB flat buyers can also get additional grants such as the Enhanced CPF Housing Grant and Proximity Housing Grant.
These grants can help to make the flat purchase more affordable and attractive.
