In an urgent need to purchase a house? Just got married and looking to move close to your parents? Don’t panic – several priority schemes are in place to assist you and your family with your diverse housing needs.
Under the HDB Priority Schemes, you will be allocated a proportion of available flats according to your various needs. This includes everyone in a variety of life stages, from extended families wanting to live closer to one another, first-timer families with or expecting two or more young ones, the elderly, divorced or widowed parents with children, as well as public rental tenants who can afford to buy their own property.
Now keep reading to find out what they are!
Privileges for first-timers
During the Build-To-Order (BTO) and Sale of Balance Flat (SBF) sales launches, first-timer applicants get to enjoy higher priority and improve ballot chances for a new flat. This even extends to Design, Build and Sell Scheme (DBSS) flats and Executive Condominiums (EC).
Even though more flats are set aside for first-timers, there’s no getting around the system, as it is not on a first come first served basis.
What are the types of HDB Priority Schemes?
|Parenthood Priority Scheme (PPS)||Young first-timer married couples with children get higher priority in securing a flat.|
|Multi-Generation Priority Scheme (MGPS)||Both married children and their parents purchase new flats in the same neighbourhood.|
Parents and their married child can make a joint application for 2 flats in a BTO project where 2-room Flexi or 3-room flats are integrated in the flat mix.
|Married Child Priority Scheme (MCPS)||For married couples looking to live near their parents, MCPS will help improve the chances of applying for a new flat near them. This also makes it convenient for them to take care of their aging parents.|
|Third Child Priority Scheme (TCPS)||Eligible families with more than 2 children to encourage the formation of larger families. Your application will be included in the first ballot round; if unsuccessful, your application is then included in the second ballot round, together with other public applicants.|
|Assistance Scheme for Second-Timers (Divorced/ Widowed Parents) (ASSIST)||Divorced or widowed individuals with children may apply for help under ASSIST.|
|Tenants’ Priority Scheme (TPS)||Rental tenants may buy their own property under TPS. Eligible applicants falling under the Selective En bloc Redevelopment Scheme (SERS), Relocation and Resettlement may also do so.|
|Senior Priority Scheme (SPS)||Eligible seniors looking to move close to their married child, and looking to purchase a 2-room Flexi flat in a familiar area get to apply for the SPS.|
Curious to find out more about how the priority schemes can benefit you? Our HDB Buyer Agent Service includes financial planning and exploring of housing grants suitable to your diverse needs. Call us at 6886 9009 to learn more about the schemes and housing grants available now!
Source: HDB- Priority Schemes
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