General Conditions For Purchase of Flat
GENERAL CONDITIONS FOR PURCHASE OF A
FLAT UNDER THE BI-MONTHLY SALE OF
4-ROOM AND BIGGER FLATS



1.APPLICATION CONDITIONS AND PROCEDURES
1.1Submission of Application Form
1.2Documents to Submit
1.3Correspondence Address for Application

2.ELIGIBILITY CONDITIONS
2.1Family Nucleus
2.2Citizenship
2.3Age
2.4Income Ceiling
2.5Financing
2.6Ownership / Interest in Property
2.7Payment of Premium / Levy
2.8Time Bar
2.9Owner or Ex-owner of Second Flat Bought from HDB

3.OTHER CONDITIONS
3.1Non-Deletion of Essential Occupier
3.2Change of Applicant / Occupier
3.3Outstanding Debts Owing to HDB
3.4Undischarged Bankrupt
3.5Debarment
3.6Ethnic Classification

4.SELECTION OF FLAT

5.APPLICATION FOR MORTGAGE LOAN
5.1Loan Eligibility
5.2HDB Loan Eligibility Letter (HLE)
5.3Mortgage Loan from Banks/Financial Institutions

6.SIGNING AGREEMENT FOR LEASE

7.TAKING POSSESSION OF NEW FLAT

8.FORFEITURE UPON REJECTION OF FLAT

8.1Before Signing Agreement for Lease
8.2After Signing Agreement for Lease





1. APPLICATIONS CONDITIONS AND PROCEDURES

1.1Submission of Application Form

(a)Applications must be submitted electronically via the HDB InfoWEB. Applicants must pay a non-refundable administrative fee of $10 by CashCard or Credit Cards.

(b)All applications received during the application period will be processed and the queue position determined by a computer ballot. Subsequent applications received after the application period will be processed on a first-come-first-served basis.

(c)The applicant and any family member listed in the application can only submit one application under the “Bi-Monthly Sale Of 4-Room And Bigger Flats”. If the applicant or any member listed in the application is listed in more than one application, all the applications will be disqualified.

(d)Applicants who have earlier booked a flat from HDB but wish to apply to buy a flat in the “Bi-Monthly Sale Of 4-Room And Bigger Flats” will have to cancel their booking first, before they are allowed to book another flat under the exercise (subject to current eligibility conditions). The usual forfeiture for such cancellation will apply.

back to top


1.2Documents to Submit
Applicants must submit the following documents of all persons listed in the Application Form for verification and registration of the application when requested by HDB:

(a)Copy of Identity Cards
(b)Copy of Birth Certificates : for proof of relationship
(c)Copy of Passport for Non-Citizens to verify residential status in Singapore
(d)Income Documents :

(i)Employed
(1)Latest original payslip; or
(2)Latest income letter from employer (which must bear either the company’s letterhead or stamp and the name and designation of the signatory) stating the current gross monthly income of the employed person.

(ii)Self-Employed Persons
(1)Latest income tax assessment; or
(2)Certified Statement of Accounts from an Audit Firm; and
(3)Valid Accounting & Corporate Regulatory Authority (ACRA) Computer Information (Business Profile) / Valid license of business / trade; and
(4)Statutory Declaration* to declare the average monthly income for the past 12 months.

(iii)Commission-based Persons
(1)Latest 12 months commission statements/ payslips; or
(2)Letter from employer stating past 12 months commissions (which must bear either the company's letterhead or stamp and the name and designation of the signatory).

(iv)Part-time Worker
(1)Monthly-rated part-time employee with fixed monthly salary is required to submit a letter from employer stating his/her permanent staff status and salary received (which must bear either the company’s letterhead or stamp and the name and designation of the signatory).
(2)Hourly-rated part-time employee with variable salary is required to submit the latest 12 months payslips or Letter from employer stating past 12 months salary (which must bear either the company’s letterhead or stamp and the name and designation of the signatory).

(v)Odd-Job Worker
Latest income tax assessment.

(vi)Unemployed
Statutory Declaration* to declare the period of unemployment with no income
*Statutory Declaration may be executed at the Sales Office at HDB Hub or at any HDB Branch Office.


(e)Copy of Student Pass or Letter from School/College/Institute of Learning for persons who are 18 years old and above: to confirm student status.
(f)Copy of Marriage Certificate / Deed of Separation / Divorce Documents (if applicable): to verify marital status.
(g)Copy of Death Certificate of spouse (if applicable): to verify demise of spouse.
(h)Recent colour passport-sized photographs: one for each applicant (Please write the applicant’s name and NRIC No. at the back of the photograph.)

Note: In processing the application, HDB has the right to rely on its own records and/or other relevant authorities at any time.

The applicant must produce the original documents whenever required. He must also submit any other documents requested by HDB. HDB has the right to cancel/not register the application if the applicant fails to submit the above or any other documents as required.

back to top


1.3Correspondence Address for Application
(a)HDB will obtain Applicant 1’s NRIC address from National Registration Office and use it as the correspondence address for the applicant. If there is a change in the NRIC address and the applicant has made a report of the change in accordance with National Registration Act, he shall be deemed to have notified HDB of the change of NRIC address.

(b)If Applicant 1 wishes to use a correspondence address which is different from his NRIC address, he is required to indicate the correspondence address in the Application Form.

back to top


2. ELIGIBILITY CONDITIONS

2.1Family Nucleus
The applicant and occupiers in the Application Form must form a family nucleus comprising any of the following:

Applicant and his spouse and children (if any);

Applicant (single) and both his parents; and siblings (if any);

Applicant (widowed or divorced) and children under his legal custody;

Applicant (single) and his siblings, if parents are deceased (to submit copy of Death Certificates of parents for verification); or

Applicant and fiance/fiancee. Both the fiance and fiancee must be unmarried, widowed or divorced (with Decree Nisi Absolute/Interim Judgment Final granted) at the time of application. They must produce their Marriage Certificate for inspection by HDB, within 3 months after taking possession of the new HDB flat or by the *Delivery Possession Date (DPD), whichever is the later. If either fiance/fiancee is below 21 but 18 years old and above, the written consent of parents or guardians must be submitted with the application.

*Delivery Possession Date (DPD) is the date by which HDB is required under the Agreement for Lease to deliver possession of the flat.

back to top


2.2Citizenship
Each family nucleus must comprise at least two Singapore Citizens or one Singapore Citizen and one Singapore Permanent Resident. Applicant 1 must be a Singapore Citizen. The other applicant(s) and essential occupier(s) can be Singapore Citizens or Singapore Permanent Residents.

back to top


2.3Age
All applicants must be at least 21 years old at the time of application.

back to top


2.4Income Ceiling
The total gross income of all persons listed in the Application Form must not exceed $8,000/- per month at the time of application.

back to top


2.5Financing
On or before the exercise of the Option to Purchase, the applicants must have :
(a) a valid HDB Loan Eligibility Letter
if they are taking an HDB loan to finance the purchase of the flat; or

(b) a valid Letter of Offer from a bank/financial institution
if they are financing the purchase of the flat with a loan from the bank/financial institution; or

(c) documentary proof acceptable to HDB that the applicants have the financial means to buy the flat without an HDB loan or a loan from a bank/financial institution if they will not be taking an HDB loan or a loan from a bank/financial institution to finance the purchase of the flat.

back to top


2.6Ownership / Interest in Property
No person shall be entitled to buy an HDB flat if he, his spouse, any occupiers listed in the Application Form or their spouses:

is the owner of any other flat, house, building or land* or has an estate or interest therein; or
has at any time within 30 months before the date of applying to buy an HDB flat, or between the date of the application and the date of completion of the purchase, acquired or disposed of any flat, house, building or land, or any interest therein.

*Includes but not limited to HUDC flats and Executive Condominiums, properties acquired by gift / inheritance, private properties, properties outside Singapore and properties owned / acquired / disposed through nominees.

HDB may consider exempting persons from conditions 2.6 (a) and (b) upon his application for exemption, based on the merits of each case. The applicant must pay a non-refundable processing fee of $50 / $150 (subject to GST) within 2 weeks of HDB’s request to do so.

Note: For more information on the various categories where HDB may consider granting exemption, please refer to the HDB InfoWEB at www.hdb.gov.sg

back to top


2.7Payment of Premium / Levy
The applicant or spouse listed in this application must pay any premium or levy and interest due to HDB before they can buy or take possession of the new HDB flat. If the premium or levy or any part thereof remains unpaid, the applicant/spouse acknowledge that this shall constitute a debt due to HDB.

back to top


2.8Time Bar
An applicant, his spouse or essential occupier listed in the application who is an existing owner or ex-owner of a flat bought directly from HDB, or a resale flat bought under the CPF Housing Grant Scheme, may apply to buy an HDB flat on condition that a 5-year period (excluding any period of subletting of the whole flat) has lapsed from the *date of taking possession of the flat to the date of this application.

Any person currently listed as an essential occupier of an existing HDB flat bought directly from HDB, or a resale flat bought under the CPF Housing Grant Scheme, may apply to buy an HDB flat or be listed as an occupier only if he has stayed in the existing flat for 5 years from the *date of taking possession of the existing flat to the date of this application.

A person who is divorced may apply to buy an HDB flat or be listed as an occupier after 5 years from the date the divorce is made absolute to the date of this application. The divorced person may however, apply with his/her parents or new spouse or be listed as an occupier in their application to buy an HDB flat within the 5-year period.

The computation of the time bar is subject to HDB‘s prevailing policies, rules and regulations and all decisions reached by HDB are final and conclusive.

Note: *The date of taking possession refers to the date of key collection for new flats that are bought from HDB or the date of legal completion for purchase of resale flats under the CPF Housing Grant Scheme.

back to top


2.9Owner or Ex-owner of Second Flat Bought from HDB
Existing owners or ex-owners of a second flat bought directly from HDB are not eligible to apply or be listed in the application as an essential occupier to buy another flat directly from HDB.

back to top


3. OTHER CONDITIONS

3.1Non-Deletion of Essential Occupier
Any person listed as an essential occupier in the application must continue to be listed in the application and stay in the new flat during the 5-year occupation period. An essential occupier is one who forms a family nucleus with the applicant to qualify for a flat from HDB.

back to top


3.2Change of Applicant / Occupier
Any request for change or deletion of applicants / occupiers listed in the application is subject to HDB's approval. If HDB finds the existing applicants/occupiers ineligible to continue with the application, HDB will cancel the application and all monies paid will be forfeited.

back to top


3.3Outstanding Debts Owing to HDB
If there are any outstanding debts or monies owing to HDB by any person listed in the Application Form, the applicant must settle such debts and pay an administrative charge as determined by HDB, before he can buy or take possession of the new flat.

Where an applicant or occupier listed in the Application is required to pay a cash sum arising from the forfeiture of the registration deposit, under a previous application under the Fiance/Fiancee Scheme, he must pay such cash sum and interest thereon as may be determined by HDB before his application can be considered.

back to top


3.4Undischarged Bankrupt
An applicant who is an undischarged bankrupt must obtain a Letter of Consent from the Official Assignee before he submits an application to buy an Executive flat.

back to top


3.5Debarment
A person who has been debarred from buying a flat from HDB under any of HDB’s or the Government’s rules, regulations or policies will not be eligible to buy an HDB flat or be listed as an occupier in an application for an HDB flat.

back to top


3.6Ethnic Classification
The application and selection of a flat will be subject to the ethnic classification of the application. Each application is classified based on the head of household regardless whether he is listed as the main applicant, co-applicant or proposed occupier. For example, in an application consisting of a married couple, the husband is considered as the head of household and the ethnic classification of the application would be based on his ethnic group.

back to top


4. SELECTION OF FLAT

4.1Applicants are required to select a flat on their selection appointment based on their respective queue number. They will be required to confirm their eligibility under the HDB’s prevailing policies, rules and regulations.

4.2Upon selection of a flat, applicants are required to pay an option fee of $2000/- (by cash/cheque/NETS) respectively and HDB will grant them an Option to Purchase.

4.3An applicant who has selected a flat under the “Bi-Monthly Sale Of 4-Room And Bigger Flats” will have his other existing application (if any), cancelled.

back to top


5. APPLICATION FOR MORTGAGE LOAN

5.1Loan Eligibility
Applicants are advised to check on their loan eligibility through the HDB InfoWEB or Loan Enquiry Counters at HDB Hub before they commit to buy a flat. Those who intend to apply for an HDB loan in their flat purchase will need to apply for an HDB Loan Eligibility Letter (HLE). For applicants who are applying for a loan from the banks or financial institutions licensed by the Monetary Authority of Singapore (MAS), they are required to produce a valid Letter of Offer. Applicants who do not require any mortgage loan to buy the HDB flats will have to produce documentary proof showing that they have the financial means to buy the flats.

5.2HDB Loan Eligibility Letter (HLE)
Applicants who book flats from 1st Jan 2007 will need to apply for an HDB Loan Eligibility Letter (HLE) if they intend to obtain an HDB loan in their flat purchase. They may be granted a mortgage loan of up to 90% of the purchase price of the flat, subject to full utilisation of available balance in the CPF Ordinary Account and credit assessment.

Applicants who are eligible and are obtaining a mortgage loan from HDB are required to produce a valid HLE before they can exercise the Option to Purchase by signing the Agreement for Lease. Applicants who fail to produce a valid HLE when they exercise the Option to Purchase would not be granted a mortgage loan from HDB in their purchase of the HDB flats.

If the applicant(s) is/are not using CPF monies to pay the monthly loan instalments or if the CPF monies are or shall become insufficient, the applicant(s) shall pay the monthly loan instalments through GIRO.

If the applicant(s) is/are using CPF monies to pay part of the monthly loan instalments, the applicant(s) shall pay the remaining part of the monthly loan instalments through GIRO.

Applicants have to submit a GIRO application form duly completed and signed before a mortgage loan is granted by HDB.

The approval of the loan shall be at HDB’s sole discretion and is subject to HDB’s prevailing rules and regulations and such terms and conditions as may be imposed by HDB.

5.3Mortgage Loan from Banks/Financial Institutions
Applicants who are taking a mortgage loan from banks or financial institutions licensed by the Monetary Authority of Singapore (MAS) are required to obtain a valid Letter of Offer from the bank/financial institution before they can exercise the Option to Purchase by signing the Agreement for Lease.

back to top


6. SIGNING AGREEMENT FOR LEASE

Applicants must sign the Agreement for Lease with HDB and pay 10% of the purchase price of the flat as downpayment within three months from the date of the Option to Purchase. In addition, they must pay legal and stamp fees on the purchase price.

Applicants who are taking a mortgage loan from banks or financial institutions licensed by the Monetary Authority of Singapore (MAS) are required to pay a compulsory 5% cash payment of the purchase price of the flat selected.

back to top


7. TAKING POSSESSION OF FLAT

Applicants are required to pay the balance of the full purchase price (inclusive of premium, where applicable) and levy, as the case may be, before they can take possession of the flat. They may use their CPF or cash savings and/or mortgage loan to pay the balance of the purchase price (inclusive of premium, where applicable). Payment of levy and its interest due to HDB, must be in cash.

Disposal of Existing Flat
(a)Applicants or occupiers listed in the application who are owners of an existing HDB flat, must dispose of the flat within 6 months from the date of taking possession of the new flat.

(b)Applicants or occupiers who are existing tenants of an HDB rental flat must terminate the tenancy and surrender vacant possession of the rental flat to HDB within 4 months from the date of taking possession of the new flat.

back to top


8. FORFEITURE UPON REJECTION OF FLAT

8.1Before Signing Agreement for Lease
If the applicant rejects the flat selected before he signs the Agreement for Lease, his application will be cancelled and the option fee forfeited.

8.2After Signing Agreement for Lease
If the applicant rejects the flat selected after he signs the Agreement for Lease, his application will be cancelled and a sum equivalent to 5% of the purchase price of the flat selected will be forfeited. The stamp and legal fees which have been expended will not be refunded.

Note: HDB has the right to reject any application or delete any person’s name from the application without assigning any reason. If HDB deems that the applicant is not eligible to apply for an HDB flat or becomes ineligible to retain his application under HDB’s prevailing policies / conditions in force from time to time, the application will be cancelled and all monies paid will be forfeited, at the sole discretion of HDB.

The General Conditions For Purchase Of An HDB Flat Under The Bi-Monthly Sale Of 4-Room And Bigger Flats contained in this form are current and are subject to HDB’s prevailing policies, rules and regulations in force from time to time. HDB reserves the right to add, delete and/or vary the conditions at any time. All decisions by HDB shall be final and conclusive.

Words importing the singular number or the masculine gender herein shall include the plural number or the feminine gender where applicable.

back to top


CAUTION: IN ADDITION TO OTHER REMEDIES, THE HOUSING & DEVELOPMENT ACT (CHAPTER 129) PROVIDES THAT ANY PERSON WHO MAKES A FALSE STATEMENT IS LIABLE TO A FINE NOT EXCEEDING $5,000/- OR IMPRISONMENT FOR A TERM NOT EXCEEDING 6 MONTHS OR BOTH.