When you’re approaching your golden years, planning your housing needs becomes crucial. Whether you’re looking to downsize, monetise your existing property, or find a new space tailored to your lifestyle, there’s a wealth of HDB grants for seniors that can help you save significantly.
These grants are designed to make it easier for you to manage your housing expenses, ensuring that you can enjoy your retirement with financial peace of mind.
Table of contents The basics of HDB grants for seniors
To make the most of these opportunities, you need to understand the eligibility conditions for purchasing flats that are designed to meet your specific needs. If you are a Singapore citizen aged 55 or above, you may apply for various CPF housing grants that can significantly offset the cost of your new home.
Before you start your home-buying journey, you should apply for an HDB Flat Eligibility (HFE) letter via the HDB Flat Portal. This step is essential because the HFE letter will give you a comprehensive understanding of your housing and financing options. It will inform you upfront about your eligibility to purchase a new or resale flat and the amount of CPF housing grants and HDB housing loans you are eligible for.
This way, you can plan your purchase confidently, knowing exactly what financial support is available to you.
Read more: Guide on how to apply for HDB Flat Eligibility (HFE) Letter
Types of flats available for seniors
HDB offers several types of flats catering to seniors, ensuring that you can find a home that suits your needs and lifestyle. These options include 2-room Flexi flats, Community Care Apartments (CCA), and 3-room flats, each designed with features that prioritise safety and comfort:
Short-lease 2-room Flexi flats
The 2-Room Flexi Flats are particularly popular among seniors due to their affordability and