26 Jan '17, 12am

Single and eligible | Property Market

Established in 1990, the Joint Singles Scheme aims to help Singaporeans aged 35 and above to jointly purchase a flat. The 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. 1) Two grants, two rooms Single 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. The income ceiling for the AHG (Singles) is $5,000 a month; for the SHG (Singles), your average gross monthly household income over the last 12 months cannot exceed $...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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