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To buy property in Singapore, you must meet eligibility criteria. For HDB flats: citizenship, age, family nucleus, no other property ownership within 30 months before application. SPR can buy resale HDB jointly or alone after 3 years. Stamp duties apply. Private property purchase possible; foreigners may need permission for landed property.

The average vertical gap between HDB floors is typically around 2.8 to 3.0 metres. For HDB resale market, higher-floor units generally command a higher price, with the premium ranging from a few thousand to tens of thousands of dollars based on various factors.

The current floating home loan rates in Singapore are pegged to the 3-month SORA with most banks offering packages at approximately 3M SORA plus a margin of 1.00%, resulting in effective floating rates of about 2.8% to 3.2% as of July 2025.

Buyers generally have to pay ABSD unless it is their first home purchase and both spouses do not own any other properties. For a second home, they must pay ABSD first but may get a refund if they sell their existing property within 6 months.

Seller's Stamp Duty (SSD) in Singapore is determined based on the date of exercising the Option to Purchase (OTP) or the date the Sale & Purchase (S&P) Agreement is signed, not the completion date.

Norwood Grand, developed by CDL, is a new 99-year leasehold residential project in Woodlands with 348 units across four 11-storey blocks. Launched in October 2024, it saw 84% of units sold at an average price of $2,067 psf. Located near Woodlands South MRT, it offers strong connectivity and family-centric amenities. Click for more.

The salary ceiling for 4-room or bigger BTO flats is up to $14,000, or $21,000 for extended/multi-generation families. For 3-room flats, it ranges from $7,000 to $14,000 depending on the project. For 2-room Flexi flats, it's $7,000 for a 99-year lease, $14,000 for a short lease (15 to 45 years).

The price gap in the Core Central Region (CCR) has narrowed significantly, with a median price gap of 16.3% between CCR and OCR in Q1 2025. For new launches, the gap is as low as 7%, with median prices per square foot at $2,554 in CCR and $2,386 in OCR. Increased CCR project launches have spurred competition and supply.

Refer to REALIS for information on commercial property transactions.

Options for downsizing under your mum's name, given your parents' current ownership: 1. **Sell the Current HDB Flat** - Mum can buy another HDB flat or a private property. - Must meet conditions between selling and buying HDB flat. 2. **Ownership Transfer of HDB Flat** - Typically allowed only under special circumstances. - Requires HDB approval and eligibility. 3. **Purchasing Private Property Under Mum's Name** - On selling her HDB interest, mum can buy private property. - Owning two properties at once may incur ABSD.