If my hubby has met 55 years and above, can he get a new OTP new flat?

3 months ago

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If your husband is 55 years old or above, there are several options for purchasing a new HDB flat, but there are some conditions to consider:

Buying a 2-Room Flexi Flat

He can apply for a 2-room Flexi flat with a lease ranging from 15 to 45 years. This type of flat is available to seniors aged 55 and above, and it does not require the disposal of any existing private property.

Buying a BTO or Resale Flat

If he sells his current private property, he can purchase a 4-room or smaller HDB resale flat without waiting for the 15-month period. However, if he wants to buy a 5-room or larger flat, he will need to wait 15 months after selling his private property.

Application Process

To apply for a new BTO flat, he must meet the eligibility criteria, including forming a valid family nucleus and not exceeding the income ceiling ($14,000 for families or $7,000 for singles).

CPF Usage

Since he is 55 and above, he needs to have set aside the full retirement sum in his CPF Retirement Account (RA) before using his CPF Ordinary Account (OA) funds for the property purchase. He can contact CPF in advance to reserve the required funds in his OA for the new flat.
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