What Does the HDB Conversion Scheme Mean?
The HDB Conversion Scheme is a seldom-used programme that allows individuals to merge two adjacent HDB units into a single jumbo flat. However, it’s important to remember that this scheme only allows the combination of two adjoining flats with three rooms or smaller.
Before proceeding with the conversion, it is important to consult with HDB to assess the feasibility of pairing the flats and to understand the financing requirements.
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How does the HDB Conversion Scheme work in Singapore?
There are two scenarios in which HDB flats can be combined through the conversion scheme:
- If you already own an HDB flat and want to purchase an adjacent flat, the title deeds of both flats will be merged, resulting in the assignment of one unit number. This combined unit will be recognised as a single jumbo flat by HDB.
To proceed, you need to settle any existing home loan, if applicable, and obtain a new loan for the purchase.
- If you do not currently own an HDB flat and wish to obtain two adjacent HDB flats, you can treat them as a single unit when applying for financing. Similar to the first scenario, the title deeds of the two flats will be merged, resulting in one unit number. This allows you to apply for a single housing loan that covers both flats.
However, unlike the first scenario, you must comply with the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) Quota for the block and neighbourhood when submitting the resale application.
Remember that to combine the two flats into a single unit, you need to create at least one opening measuring 1 metre by 2 metres between the two units. Additionally, one of the flats must remove its PUB metres (electricity, water, and gas supply).
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What are the eligibility requirements for the HDB Conversion Scheme?
The following are the qualifying requirements under this scheme:
- Single individuals or joint singles are not eligible to create a jumbo flat under this scheme.
- At least one of the buyers must be a Singaporean Citizen aged 21 or older.
- You must form a family nucleus with one of the following groups: spouse and children (if any), parents and siblings (if any), or children under your legal custody and care (for widowed/divorced individuals).
While there is no income ceiling when purchasing an HDB resale flat, ensure to keep informed of the income ceilings for Central Provident Fund (CPF) Housing Grants and HDB housing loans.
The information provided was accurate at the time of publication. For the latest changes and updates, you can check the official websites.
