If you would like funding buying and take more than ownership out of an apartment, you may sign up for a casing financing out-of HDB or you to throughout the creditors. See the key terms and you will considerations into the different loan alternatives before carefully deciding.

Qualification standards

You are able to finish the questionnaire to own an initial investigations away from your own qualification into acquisition of a separate or selling apartment, houses give(s), and you can an HDB construction loan.

• Have not in past times removed 2 or more housing funds out-of HDB
• Took 1 homes financing of HDB and history owned home is not a city or overseas individual home (make reference to informative data on individual assets control)

• Seniors aged 55 and you may over: you’re not obtaining a preliminary-book 2-room Flexi apartment or Society Worry Flat
• Singles: you are at the least thirty-five years old and purchasing among next:
• 2-room Flexi flat into the 99 season-rent off HDB for the non-mature estates; or
• 5-place or smaller resale flat

# An essential occupier was a close relative that permitted the fresh new applicant(s) to be considered to buy a condo. They don’t have control of apartment and really should remain in the apartment app, along with into the minimum occupation period (MOP) after the flat pick. Continue reading « Requirements when taking a second HDB homes loan »