The Housing Development Board’s (HDB) resale market continues to remain strong, with resale flat prices increasing by 3% by March 2021, compared to that of the fourth quarter of 2020. The current resilience in the property market due to vaccination optimism has resulted in greater willingness among buyers to pay more for their resale flats.
For those who are keen on moving out and are curious to learn more about HDB resale flats, read on as we’ve compiled a few golden must-knows when it comes to buying your first HDB resale flat in Singapore.
Are you eligible?
Be sure to do your research about HDB’s eligibility criteria before you jump the gun. Aside from these basic requirements, you’ll also have to make sure you fall under one of the 8 eligibility schemes to successfully buy an HDB resale flat.
Be familiar with the lease expiry...