{"id":41829,"date":"2017-01-25T07:30:45","date_gmt":"2017-01-25T00:30:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/single-and-eligible\/"},"modified":"2017-01-25T07:41:32","modified_gmt":"2017-01-25T00:41:32","slug":"single-and-eligible","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/single-and-eligible\/","title":{"rendered":"Single and eligible"},"content":{"rendered":"


\nEstablished in 1990, the Joint Singles Scheme aims to help Singaporeans aged 35 and above to jointly purchase a flat.
\nThe longstanding HDB rule that singles below the age of 35 cannot own HDB flats is well known. But if you and a friend, sibling or partner are already 35 and above and would like to jointly own a flat, you have a few options, thanks to the Joint Singles Scheme.
\n1) Two grants, two rooms
\nSingle Singaporeans aged 35 onwards can use one of two types of grants under this scheme: the Additional CPF Housing Grant (AHG) or Special CPF Housing Grant (SHG). However, this is applicable only if you and your fellow applicant(s) are first-timers applying for a new two-room Flexi flat in a non-mature estate.
\nThe income ceiling for the AHG (Singles) is $5,000 a month; for the SHG (Singles), your average gross monthly household\u202fincome over the last 12 months cannot exceed $8,500. Under both grants, each household can receive $5,000 to $40,000, depending on its gross monthly income.
\n2) Getting your grant
\nYou must fill in the AHG \/ SHG application form (bit.ly\/2j2EU5R) and submit it to the HDB at your booking appointment. Regardless of the number of applicants, your entire grant amount will be split equally between two applicants.
\nYou can use the grant to either offset the flat\u2019s purchase price, or reduce your mortgage loan for the flat. However, you cannot use the grant for the cash down payment or monthly mortgage payments. The grant will also affect your CPF withdrawal limit if you are taking a loan to purchase the flat.
\n3) Paperwork for property
\nAs with all major purchases, you are required to submit the relevant documents when buying a flat under the Joint Singles Scheme. If you are employed \u2014 be it full-time, part-time, or on a commission-based arrangement \u2014 you must produce either your payslips from the last 12 months, or an official letter from your employer certifying your salary for the same period, as well as CPF statements showing your contributions for the past 12 months. Part-time employees need not produce CPF statements.
\nIf you are self-employed, you must submit your latest Notice of Assessment (NOA) from the Inland Revenue Authority of Singapore (IRAS) or a statement of your annual accounts, certified by an auditing firm. You must also provide a valid licence of trade, or an Accounting and Corporate Regulatory Authority (ACRA)\u202fbusiness profile.<\/p>\n

This article was first published in the print version PropertyGuru News & Views. Download PDFs of full print issues or read more stories now!<\/p>\n


\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Single and eligible<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Established in 1990, the Joint Singles Scheme aims to help Singaporeans aged 35 and above...<\/p>\n","protected":false},"author":1,"featured_media":41830,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-41829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/01\/footer_011.gif?fit=710%2C9&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aSF","jetpack-related-posts":[{"id":112308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/age-requirement-for-housing-grants-adjusted-for-singaporeans-married-to-non-citizens\/","url_meta":{"origin":41829,"position":0},"title":"Age requirement for housing grants adjusted for Singaporeans married to non-citizens","date":"November 12, 2019","format":false,"excerpt":"\r The revised Non-Citizen Spouse Scheme now allows you to have more flexibility\u00a0in affording and choosing a home.\u00a0 Singaporeans aged 21 and above who are married to non-citizens or non-permanent residents can now have additional housing grants of up to $40,000 when they purchase a resale flat for the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant\/","url_meta":{"origin":41829,"position":1},"title":"Home buyers to enjoy higher income ceilings and enhanced housing grant","date":"September 11, 2019","format":false,"excerpt":"\r The income ceiling for executive condo buyers has is now raised\u00a0from $14,000 to $16,000, while Singles aged 35 and above will also enjoy a higher income cap of $7,000, up from $6,000. In a bid to provide more home buyers with affordable housing options, the government raised the income\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81880,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3330-singles-collected-keys-to-their-new-flats\/","url_meta":{"origin":41829,"position":2},"title":"3,330 singles collected keys to their new flats","date":"March 5, 2018","format":false,"excerpt":"\r Prior to 2013, singles were only allowed to acquire flats on the resale market. Since the easing of rules on singles in 2013, 3,300 of the 12,000 singles that have applied for new two-room flats in non-mature estates have collected the keys to their new flats as at end-January\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investing-for-singles\/","url_meta":{"origin":41829,"position":3},"title":"Investing for singles","date":"May 26, 2017","format":false,"excerpt":"\r For the fourth consecutive year, Singapore is the world\u2019s most expensive city, outranking Hong Kong and Zurich which came in second and third respectively. The Economist Intelligence Unit\u2019s cost-of-living survey has consistently ranked Singapore as the world\u2019s most expensive city. Although housing can be rather pricey, it\u2019s still possible\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-bto-flat-buyers-in-mature-estate-are-first-timers\/","url_meta":{"origin":41829,"position":4},"title":"Most BTO flat buyers in mature estate are first-timers","date":"January 9, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenCourt BTO project. (Photo: HDB) On average, about 80 percent of people buying Build-to-Order (BTO) flats in mature estates from the Housing and Development Board (HDB) are first-timers, according to a written parliamentary reply from the Ministry of National Development on Monday (8 January).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":41829,"position":5},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. The BTO flats are spread across four projects, three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41829"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=41829"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/41830"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}