Category: HDB News

HDB's says goodbye to sibling scheme

HDB has decided to do away with the sibling scheme from Monday onwards. This means that unmarried Singaporeans and PR siblings whose parents live abroad will not be allowed to buy new or resale HDB flats.

This scheme covered siblings (brothers and sisters) who are unmarried and whose parents are not living in Singapore to buy new or resale flats. Currently, only unmarried individuals over 35 years old can buy from the resale market (which is another reason to get married in Singapore other than for love or money).

This decision has been made in light of the ease of renting single rooms or whole HDB units. Also, HDB has found out that unmarried Singaporean or PR siblings who buy new or resale HDB flats have only made up a fraction of the total HDB transactions, so it is unnecessary to continue with this scheme.

This only applies to transactions from Monday, 21st February, onwards. If you think you’d be affected by this abolishment, check out our 'HDB For Rent' section!

Via CNA.

Posted on 16-02-2011 19:46 | By Cheryl Han