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Life is a grace of nature, so we always should be thankful for that; also we should live our lives up to the fullest with happiness and for that, we should pursue a better living status with purchasing a dream home, which will be considered as an achievement in your life. If you are living under a lease agreement then the tension for further shifting and search for a new place to live is always a prime factor and that will cost good enough time as well money from your end. <br>
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WHAT ARE THE ELIGIBILITY FOR PURCHASING HDB flats and condos in Singapore?
Life is a grace of nature, so we always should be thankful for that; also we should live our lives up to the fullest with happiness and for that, we should pursue a better living status with purchasing a dream home, which will be considered as an achievement in your life. If you are living under a lease agreement then the tension for further shifting and search for a new place to live is always a prime factor and that will cost good enough time as well money from your end. So in such scenario, we suggest opting for an HDB flat or condo for sale in Singapore that will provide you a peaceful and tension free life for the rest of your days. Here we discuss the major requirements and eligibility criteria for the different types of properties available for sale in Singapore;
Now for HDB or condos for purchase in Singapore, there are certain checkpoints and requirement you need to follow, also you need to consider your requirement along with your budget. As the rates for HDB flat or condos are different so you need to first consider your budget before purchasing a property and for that, you need to go through the property listing of your target location along with their price. Checkpoints of purchasing a property:
There are different eligibility criteria for purchasing a new HDB flat, Design, Build and Sell Scheme (DBSS) flat or executive condominium (EC), as per the rules and regulation provided by the government, so this is a very vital checkpoint for purchasing a property. Here we mention the eligibility criteria for different types of properties; Check your eligibility:
These are the eligibility conditions to buy a new HDB flat (3-room flats and bigger) by the Housing and Development Board and a new executive condominium from a developer, which are as follows; • You need to be a citizen of Singapore, as in rules there must be at least 1 Singapore Citizen or 2 Singapore Permanent Residents can apply for the HDB flat. • You need to meet the requirements of the Ethnic Integration Policy and Singapore Permanent Resident Quota Policy as directed by the HDB board of Singapore. • Also, there are income ceilings for CPF Housing Grants and HDB housing loans, which may affect if you are wishing to go for the loan agreement. As for condos, there are no such eligibility criteria, as these are developed by private developers, also foreigners can purchase a condominium. So the eligibility criteria are not applicable for private condos or the landed properties, as per the executive condos or HDB flats for sale in Singapore. Eligibility criteria for HDB flat and Executive Condos:
HDB flats: The HDB flats are the most popular as well as the cheapest option in the property market of Singapore, as it is a unique provisioned provided by the government of Singapore under the tag of Housing and Development Board. More than 80% of Singaporeans live in HDB flats, as the Pricing of public housing flats is typically cheaper than privately built developments; also HDB housing estates are usually self-contained towns with clinics, schools, supermarkets, food centers, as well as sports and recreational facilities. Specification of different types of properties:
The condos are inviting and smart houses to live in, which are located in the urban areas, so the communication and the other facilities, required for our daily life are widely available in the shortest distance. These are a bit costly as developed by the private developers, but with certain benefits, as you can design your place as per your preference and requirement, also the resale options are attractive for condos. Condos:
For purchasing a property the guidance of a professional property agent of Singapore will help you from many aspects, as the agent have the best knowledge of real estate market, which includes the listing of existing properties as well as the new launch properties, which affects as a great help for the tentative buyers. Also, they are obligated to protect your interest, negotiate for a better deal, will check the condition of the property is acceptable or not and also ensure the contract is reasonable as per your demand. Hire a professional real estate agent:
Here we described the different options of houses for sale in Singapore along with their benefits, so before purchasing a house you need to go through the checkpoints and eligibility criteria for the HDB flats and condos for sale in Singaporeand need to plan as per your requirement and budget. Also, you can engage a property agent to aid in your search, as that might save your time and money both, and you will gain the full satisfaction of closing the deal with a profit. Conclusion:
