HDB Studio Apartments

Studio Apartments come in two sizes, on 30-yrs lease :
-35 square metres
-45 square metres

No resale levy is payable when buying SA

Eligibility Conditions
-Singapore Citizen
-at least 55 yrs old at the time of application
-You must include your spouse in your application
if unmarried/divorced/widowed, can be for own occupation
-Average gross monthly household income < $10,000
-If currently owns flat, MOP of 5 yrs is required
-If currently owns flat, must dispose of share in the flat within 6 mths of taking possession of the SA
-If currently owns private property, must dispose of share in property before taking possession of the SA

Note: HDB does not grant mortgage loans to SA buyers. The SA has to be paid in full when the buyer collects the keys