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Residential

Eligibility

These are the eligibility conditions that you must meet before you can buy a resale flat which has been announced for the Selective En bloc Redevelopment Scheme (SERS). If you meet the conditions, you can refer to our HDB Resale Portal to learn about the procedures for buying your SERS flat.

There is a difference in the conditions of buying a SERS flat and an HDB resale flat. When buying a SERS flat, you must also meet the eligibility conditions to buy a new flat on 99-year lease from HDB. 

Eligibility conditions to buy a resale flat that has been announced for SERS

Timeframe

  • We will only accept resale applications for SERS flats, 1 month after the SERS announcement is made
  • The Option to Purchase for the resale application must be granted after the 1-month period

Citizenship

  • You must be a Singapore citizen (SC)
  • Your family unit must comprise at least another SC or Singapore permanent resident (SPR)

Age

  • You and the co-applicant(s) must be at least 21 years old

Family unit

Your family unit must comprise any of the following:

  • Yourself + spouse + children (if any)
  • Yourself (single) + parents + siblings (if any)
  • Yourself (single) + siblings (single), if parents have passed away
  • Yourself (single) + fiancé/ fiancée
    • At the time of application, both parties must be single, widowed, or divorced
    • You and your fiancé/ fiancée must solemnise your marriage with the Registry of Civil Marriages or Registry of Muslim Marriages within 3 months from the resale completion date. If your marriage is registered overseas, please submit a photocopy of your marriage certificate to us within 3 months from the resale completion date

Income ceiling

Resale applications received from 24 August 2015

  • Your average gross monthly household income must not exceed $14,000

Property ownership

  • You and the co-applicant(s) must not own or have ownership in any private property*, or have sold a private property* within 30 months before the date of applying to buy the SERS flat
  • You have not bought a new HDB or Design, Build and Sell Scheme flat, or an executive Condominium (EC) unit or received a CPF Housing Grant before; or have only bought 1 of these properties or received 1 CPF Housing Grant before

Ethnic Integration Policy (EIP) proportion

  • You must be able to meet the EIP proportion of the block/ neighbourhood

5-year restriction 

(If applicable)

  • If you, your husband or wife, or an essential occupier owns or used to own a flat bought directly from HDB, a resale flat bought with a CPF Housing Grant, a Design, Build and Sell Scheme flat, or an executive Condominium (EC) unit, you may apply to buy a resale flat which has been announced for SERS as long as 5 years (not including any period when you rent out the whole flat) have passed from the date of taking possession of that flat or EC, to the date of the application

1-year restriction

(If applicable)

 

  • If you or an essential occupier were previously included in a cancelled application (relating to a flat booked in a Build-To-Order or Sale of Balance Flats exercise launched on or after March 2012), you will not be eligible to buy a resale flat which has been announced for SERS, within 1 year of the cancellation

* Private property refers to any property (flat, house, building, or land) other than the SERS flat (whether residential or otherwise, including but not limited to privatised HUDC flats and ECs, properties outside Singapore, properties acquired by gift or inheritance, and properties owned, acquired or disposed through nominees).

Mortgage financing

  • If you are taking a housing loan to buy the SERS flat, the same mortgage financing policies as those for buying an HDB resale flat will apply
  • The HDB concessionary housing loan for the SERS flat and replacement flat are considered 2 separate loans
  • You might also want to research on how to finance the new flat for SERS cases

Further conditions

You need to note these further conditions when buying a resale flat which has been announced for SERS:
  • You cannot rent out or sell the SERS flat
  • We will treat buying a replacement flat as 1 separate housing subsidy
  • First-timer SC/SPR households who take up the replacement flat have to pay a $10,000 premium on top of the purchase price
  • Should you decide not to take up a replacement flat, you will receive SERS compensation and your SERS flat will be surrendered to the Collector of Land Revenue
  • You may rent out the whole replacement flat after you have physically occupied it for at least 5 years from the date of key collection

Minimum occupation period for resale or purchase of private property

If you wish to sell your replacement flat or buy a private property, you must first meet the minimum occupation period (MOP) of the replacement flat:

Replacement flat at designated replacement site

The earlier of:

  • 7 years from booking the replacement flat
  • 5 years from date of occupation of the replacement flat

You may need to pay the Seller's Stamp Duty (SSD) if you sell your replacement flat within a certain holding period. More information on the SSD can be obtained from the IRAS website.

Replacement flat under BTO or SBF exercise

  • After living in the replacement flat for at least 5 years from collecting the keys of the replacement flat

Note: Any period of renting out of the replacement flat is not included in the computation of the MOP.