Can Singapore PR Buy HDB In Singapore? A Definitive Guide (2024)

FAQs

Can Singapore PR Buy HDB In Singapore? A Definitive Guide? ›

No. The only way a single Singapore PR can buy an HDB flat directly is if you're married to a Singapore citizen.

Under the HDB Public Scheme, a PR is only allowed to buy a new HDB flat (e.g. BTO flat) if they are married to a Singapore Citizen. They are only allowed to buy 2-room Flexi, 3-room, 4-room, and 5-room flats. For each type of flat, there is also an income ceiling to abide by.

The proposed owners must be at least 21 years old. The proposed owners can either be a Singapore Citizen (SC) or a Singapore Permanent Resident (SPR), with another owner or occupier who is an SC or SPR.

Foreigners can only buy an HDB resale flat if they are married to a Singapore Citizen. As a non-resident spouse who is not a Singapore Citizen or Permanent resident, they need to have a valid Long Term Visit Pass or Work Pass (if 21 years and above), or a valid Visit Pass or Work Pass (if 35 years and above).

Can PR buy a landed property? You can only get landed properties on the mainland if you have manual approval from the Singapore Land Authority (SLA) and have been a resident for at least 5 years. Foreigners are not permitted to purchase any type of landed property on the mainland.

Single PRs cannot buy a new HDB flat or a resale flat alone. Under HDB rules, a PR may qualify to buy an HDB flat under two schemes: the HDB Public Scheme, which is buying with a family unit (i.e. spouse, children, siblings, parents), or the Fiancé/Fiancée Scheme, which is well, your fiancé or fiancée.

Can PRs and Singaporeans buy condos? There are no restrictions for PRs when it comes to purchasing private apartments or condos in Singapore. Just note that ABSD is applicable – and there are different rates for PRs and foreigners.

A private condo can be sold to Singaporean citizens, permanent residents (PR) and foreigners from the start without any restrictions. On the other hand, an Executive Condominium (EC) can only be sold to Singapore citizens (SCs) and permanent residents (PRs) after the mandatory 5-year Minimum Occupation Period (MOP).

Applicant(s) taking an HDB housing loan must remain in their employment or trade when HDB disburses the housing loan. All components from employment or trade, except bonuses. The months of no-pay leave will be treated as unemployment.

Foreigners can't buy the government-subsidized public housing units sold by the HDB (Housing and Development Board) in Singapore, but a Singapore Citizen or PR can. Singapore PRs can buy resale HDB flats only after three years of obtaining the PR status, if buying jointly with another SPR or SC.

What is the stamp duty for PR in Singapore? ›

For PRs, whether or not they're buying their first residential property on their own or jointly with a Singapore Citizen (SC), they'll need to pay 5% ABSD. So if you're a Singaporean planning to buy a house with a PR, and this is the first residential property for both of you, you'll need to pay the 5% ABSD.

The details of buying a resale flat with an HDB housing loan are similar to those of buying a BTO flat. If you are taking a housing loan from HDB, the downpayment you need to pay remains at 15% of the resale flat's purchase price. It can be paid in cash, using CPF OA balance, or any combination of the two.

Yes, you can buy a HDB through a lawyer

For applicants who are overseas, the PoA must be prepared by the solicitor and signed by the applicant in the presence of a Notary Public, the Singapore High Commission, or a Singapore Ambassador in the country of their stay.

“Can a Singapore Permanent Resident buy an HDB flat?” is one of the most frequently asked questions that we often get asked. The short answer is, yes, a Singapore Permanent Resident (SPR) can buy an HDB flat in Singapore.

In addition to a lower LTV and a higher cash down payment, homeowners in Singapore will have to pay ABSD when they buy a second residential property. ABSD is levied on all property purchases for Singapore permanent residents (PRs) and foreigners.

While Singapore is one of the most popular destinations for Singapore permanent residence, the regulations surrounding them can seem slightly daunting at first. But first, can a PR buy landed property in Singapore? The short answer is yes, but it's mostly subject to approval.

For a Singapore PR to be eligible to buy a resale HDB flat, they need to satisfy the following requirements: You must be at least 21 years old. You must be a Singapore PR for at least three years.

HDB loans: For those opting for an HDB loan, expect to pay 20% of the flat's purchase price. For instance, if your dream flat costs S$450,000, you'd be looking at a downpayment of S$90,000. Thankfully, this amount can be paid using cash, your CPF Ordinary Account (OA) savings, or a combination of both.