Expanded HDB scheme lets buyers book flats the next day

The scheme lets elderly flat owners sell part of their lease back to the HDB for retirement income. It has been updated several times, including in April last year, when it was expanded to include four-room flats. This allowed the scheme to cover three-quarters of elderly HDB households, compared to 35 per cent previously.

Prospective buyers of HDB flats are subject to certain eligibility conditions based on citizenship, age, family nucleus, Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota. The EIP ensures a balanced mix of the various ethnicity in HDB towns, blocks and neighbourhoods.

Selling a Flat Announced under Selective En-Bloc Redevelopment Scheme (SERS) Top Level > Living in HDB Flats > Monetisation Options > Lease Buyback Scheme > Scheme Objective and Impact I own a 3-room flat and am eligible for Silver Housing Bonus (SHB) and LBS.

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First announced in February, the expanded scheme is part of the HDB’s efforts to make flats more accessible to potential home owners.

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Expanded HDB Scheme Allow Buyers to Book Flats Immediately My Exclusive Condo Buyer & Seller Must Know June 25, 2019 June 22, 2019 Here is great news for the buyers who are looking for BTO or new HDB flats in the market; they can now book Housing Board flat right within one day after applying for one.