Unrelated singles who are 35 years or older can also jointly apply for an HDB flat - up to 4 such individuals can co-own a flat this way under the Joint Singles Scheme. The only other eligibility requirement is the EIP and SPR quota (used to encourage and maintain social cohesiveness). However, this is more likely to impact your flat's location, rather than act as a hurdle against your eligibility to apply for one. As a single buyer, you have 2 choices when it comes to HDB apartments - a 2-room BTO HDB flexi flat, or a resale HDB flat. The table below presents a quick summary of the pros and cons of both options. WHICH HDB FLATS SHOULD SINGLES GET? 2-Room BTO HDB Flexi Flat (99-year lease) Resale HDB Flat More affordable (approx S$75,000 to S$158,000) More expensive (approx S$250,000 to S$343,000 for a 3-room flat) Longer waiting time (average 3 to 4 years) Shorter waiting time (You can complete your purchase in as little as 6 months) Restricted to 2-room units (35 sqm … [Read more...] about What type of HDB flats can single Singaporeans buy?
Hdb renovations singapore
What does it take to be recognised as an inspirational home and be included in Makeful's top 10 homes*? For Lim Siew Wee, it's about filling one's abode with things that bring a beautiful memory or two, and smiling at the thought of such memory. In his 64-square-metre HDB flat, Siew Wee displays sentimental items that his father, a retired fruit seller and an artist at heart, kept and collected. These include a weighing machine that his father used to weigh durians, a traditional sewing machine (now serving as base for a facial basin) from his paternal grandmother, two laundry basins kept in their backyard for years, and an antique foldable study desk from their neighbour. Also making this home a standout is a set of wooden window panels Siew Wee found discarded by a neighbour. Truly a beautiful conversation starter, they were the original panels used in Singapore's first public housing-the post war houses situated along Tiong Bahru. You will find them now serving a new purpose in Siew … [Read more...] about House tour: Picture-perfect nostalgic 3-room HDB flat
If you're renovating for the first time, there's plenty to puzzle over, from budgeting matters to the myriad of design features to consider for your home's new look. And so, the last thing you need is even more confusing renovation jargon. Fortunately, we have got the perfect solution: A handy cheat sheet of commonly-used renovation terms in Singapore. Use it the next time you're on a site visit or discussing ideas with your interior designer! 1. SUB-CONTRACTOR You probably already know the difference between contractors and interior designers as well as what they do (if you don't, read this), but what about sub-contractors? Like contractors, they are in charge of handling specific renovation works on the ground (e.g. plumbing, masonry, air-conditioning), but only the ones that an interior designer or contractor can't do. So, think of them as third-party specialists who are called in for special jobs! 2. LOAD-BEARING WALL Not every wall in your home is the same. While some can be torn … [Read more...] about Do you know these home renovation terms used in Singapore?
We're not even halfway into 2019, and there have already been at least 3 super-high-profile HDB resale transactions in the news. The most recent one is a 5-room flat in Tiong Bahru that was sold at a record $1.2m in April, which trumped the previous record high of $1.185m for a Boon Keng DBSS flat in January. Heck, even Punggol is close to getting in on the million-dollar action, with an insane $910,888 transaction for a massive HDB loft unit. ("Huh, HDB got loft one meh?") Just what makes them worth so much on the market? Really got so many rich buyers out there ah? Most importantly, can your own flat actually fetch $1 million too? Here's a look at the most expensive HDB resale transactions in the past 12 months. 2019 LIST OF HDB RESALE FLAT TRANSACTIONS >$1 MILLION Below is a summary of the key locations of the $1 million (and above) flats sold in the past 12 months, based on information from the HDB resale prices portal. While you were busy calculating the cost of your cai png … [Read more...] about $1m HDB resale transactions
If you didn't already know, Singaporeans who have never been married before can buy a HDB flat once they turn 35. While you may not be eligible for another decade or so, it's a good idea to know how much you'll need to buy a flat so you can start getting your finances in order. We talk to Amy Lim, an associate division director at Propnex Realty, to help you figure out what sort of flat you'll be able to get at 35, and how much you'll need to put down for it*. BTO OR RESALE? There are two main options when it comes to buying a HDB flat: brand new Build-to-Order (BTO) flats or resale flats from the open market. If you're earning $6,000 or less a month, you can apply for either. But if you're earning more than that, you can only apply for a resale flat. IF YOU GO FOR A BTO FLAT... BTO flats have 99-year leases and are generally much cheaper than resale flats. According to Amy, a two-room BTO flat in Punggol goes for about $130,000. Assuming you pay for 20 per cent of it … [Read more...] about Can you afford a HDB flat when you’re 35 and single?