{"id":72852,"date":"2024-02-09T19:09:33","date_gmt":"2024-02-09T11:09:33","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=72852"},"modified":"2024-02-09T19:09:33","modified_gmt":"2024-02-09T11:09:33","slug":"upgrade-from-hdb-rental-hdb-flat-ownership","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/upgrade-from-hdb-rental-hdb-flat-ownership\/","title":{"rendered":"How to upgrade from HDB rental to HDB flat ownership?"},"content":{"rendered":"
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Upgrading from renting a HDB flat<\/a> to owning one is a significant milestone for any Singaporean.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

In recent years, a growing number of public rental households in Singapore have made this transition, with approximately 8,300 families becoming HDB flat owners between 2014 and 2023.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

In fact, last year saw nearly 950 families upgrading from rental flats to purchasing their very own homes. However, making the leap from rental to ownership isn’t easy, especially when you\u2019re the sole breadwinner in your family. Luckily, there are a number of housing assistance schemes designed to ease your financial burden and support you throughout this process.<\/span><\/p>\r\n\r\n\r\n\r\n

Still renting a HDB flat?<\/b><\/h2>\r\n\r\n\r\n\r\n

Before exploring the journey to homeownership, it’s essential to understand the options available for those of you who are still renting.<\/span><\/p>\r\n\r\n\r\n\r\n

Public Rental Scheme<\/b><\/h3>\r\n\r\n\r\n\r\n

The Public Rental Scheme offers heavily subsidised housing options for lower-income Singapore Citizen households with limited housing alternatives or family support. To qualify for an HDB rental flat under this scheme, households must meet stringent eligibility criteria. <\/span><\/p>\r\n\r\n\r\n\r\n

Available flat types include 1-room<\/a> and 2-room units<\/a>, with a limited supply of 3-room flats<\/a> for larger families with children.<\/span><\/p>\r\n\r\n\r\n\r\n

Parenthood Provisional Housing Scheme (PPHS)<\/b><\/h3>\r\n\r\n\r\n\r\n

The PPHS<\/a> provides temporary housing solutions for families awaiting the completion of their new Build-To-Order (BTO) flats. Eligible applicants, with a monthly household income of S$7,000 or below, can access temporary accommodation<\/a> until their new flats are ready for occupancy.<\/span><\/p>\r\n\r\n\r\n\r\n

Read more:<\/strong>\u00a03 Things About the Parenthood Provisional Housing Scheme That Might Interest You<\/a><\/p>\r\n\r\n\r\n\r\n