There are various restrictions on buying a home.

In addition to the down payment, interest rates, and tax payments that are the first things to consider when buying a home, when buying a home in Singapore, it is important to understand the restrictions on buying a home due to the age of the buyer and assess the options and differences in buying a home due to age.

1.HDB

The minimum age limit for buying a new HDB flat or reselling a HDB flat is 21 years old, provided you buy a house as a core member of your family.

Please refer to HDB official website for specific eligibility.

2.Private Residence

Singapore law requires that the buyer must be 21 years of age or older. If a child under 21 years old wants to buy a house, he/she needs to set up a trust for the child and then buy the house through the trust.

In this case, the purchase of a home must be fully paid for and a home loan cannot be obtained.

Apart from the age restriction to buy a home in Singapore, whether the buyer is single is also a limiting factor.

If you are single, unmarried or divorced, the minimum legal age to buy a two-bedroom HDB flat in a non-established area of BTO is 35 years old.

However, in case of widowhood or loss of parents, the minimum legal age for home purchase is reduced to 21 years old.

If you are an orphan under the age of 21, you must meet the following criteria:

Firstly, One parent is a Singapore citizen or permanent resident.

Secondly, the sibling cannot have already bought a HDB flat through this single person scheme.

According to the latest government census, the percentage of single people has increased in all age groups.

Therefore, some MPs have suggested in Parliament that HDB should lower the eligibility age for home ownership to 28. This will leave more room for people's CPF balance to grow and allow them to enjoy their retirement with more peace of mind.

Is there an age limit for non-citizens to buy a home in Singapore?

If you are not a Singapore citizen and want to buy a home in Singapore as a single person, you can only buy a private home without considering the age and income restrictions.