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Single Seniors Can Now Claim ABSD Refund For Replacement Property of Lower Value

As announced on 16 Feb 2024 during Budget 2024 by then Finance Minister Lawrence Wong, single Singapore Citizens (SC) aged 55 and above can now apply for refund of Additional Buyer's Stamp Duty (ABSD) which was paid upon the purchase of a second private property, provided certain conditions are met. This is to help single seniors who are right-sizing their homes easily transition from existing homes to...

Community Care Apartment (CCA)

What Is It? The Community Care Apartment is a public housing type jointly offered by Ministry of National Development (MND), Ministry of Health (MOH), and Housing & Development Board (HDB) that aims to expand the range of housing options available to seniors today. It combines senior-friendly housing with care services that can be scaled according to care needs and social activities to support...

HDB Options for Private Property Owners

Private property owners who do not currently own a HDB flat may wish to sell their private condominium, apartments or landed properties and move to a HDB flat for a wide variety of reasons: children have achieved independence with homes and families of their own lock in the value of their private property and use the excess value (after HDB purchase) as part of their retirement savings eliminate...

第三次申请预购组屋(BTO)

虽然大多数新加坡成人都知道他们可以在一生中两次直接从建屋发展局(HDB)购买预购组屋(两次获利),但有些人可能不知道他们在接近晚年期间还可以第三次申请购买预购组屋。 首先,在什么情况下您被归类为第一次或第二次购屋者呢? 本质上,如果您购买过 HDB 的某种补贴住房,例如预购组屋 (BTO)...

New Initiatives For Seniors (Rally 2023)

Here is a short summary of the some of the new initiatives announced by PM Lee during this year's National Day Rally (Rally 2023). As Singapore transitions from an aged society to a ‘super-aged’ society in time to come, it is has massive social and economic implications, and much needs to be done to help our seniors age well. Active Ageing Launch of Healthier SG by the Ministry of Health last...

Assisted-Living Projects

Assisted living in Singapore refers to a range of housing options and support services designed to assist seniors in maintaining an independent and active lifestyle while receiving necessary care and assistance. Here are a few notable assisted living initiatives in Singapore: St. Andrew's Nursing Homes: St. Andrew's Nursing Homes is a well-known provider of eldercare services in Singapore. They offer...

Selling Your CPF Funded Property After Age 55

If your property was financed in whole or in part using CPF funds, selling your property after you have turned 55 has implications with regards to the amount of refund you need to make into your own CPF account. Before turning 55, the amount you will need to refund is the cumulative total of all principal sums (P) in your CPF account used by you to pay for the downpayment and monthly instalments for...

Applying For HDB BTO as a Third Timer

中文版 While most adult Singaporeans are well aware that they can purchase a new flat directly from the Housing Development Board (HDB) directly two times during their lifetime (a second bite at the cherry), some may not be aware that they can yet apply for another new flat for a third time in their senior years. To start with, under what situation are you considered a first timer or second timer?...

Private Property Owners Can Apply For BTO For Community Care Apartments?

It is a well known fact that private property owners/essential occupiers need to dispose of all their private properties before starting the process of applying for a Housing Development Board (HDB) Built-to-order (BTO) flat. However, it appears that the board is loosening this eligibility criterion, at least for the recently announced Community Care Apartments. Below is the standard text for...

Community Care Apartments (CCA) by HDB

Find out more about Community Care Apartments here:     Community Care Apartment BTO Sales Launch Date: Feb 2021 BTO Location: Bukit Batok West Avenue 9 (Next to Le Quest) Community Care Apartments — the first assisted living concept in public housing for seniors Live independently The Community Care Apartments is the first assisted living concept in public housing that comes with...

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