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8 Reasons to buy HDB

• A HDB flat offers the lowest price to buy a residential property in Singapore. It is the preferred way to start owning property and for building up experience as an owner or a landlord. 

• With the lowest price, the financial risk is lowest as well. With HDB grants and the use of CPF funds, a HDB resale flat can be purchased with less than $10,000 cash if the price is right.

• Regardless if buying as a single owner or a family unit, there are various types of grants available to ease the financial burden of buying a HDB flat. These grants are not available for purchase of private property.

• For Singapore citizens, the ownership of a HDB flat is protected against creditors in case of bankruptcy. Nonetheless, any outstanding mortgage on the flat must still be paid for or the flat may be confiscated by HDB

• HDB flats or rooms in HDB flats can easily be rented out compared to private properties as it is the most affordable option for tenants. Many HDB owners rent out their spare bedrooms for additional income.

• HDB flat owners pay monthly conservancy charges to the local town council in return for the upkeep of the HDB estate. The amount is generally less than $100 a month compared to a few hundred dollars for private property. 

• HDB owners enjoy free or subsidised upgrading to their estate. Some examples are lift upgrading program, home improvement program and neighbourhood renewal program. The benefits include toilet works, better lifts, sheltered walkways, new playgrounds, new fitness corners and handicapped friendly paths  

• HDB flats are the easiest properties to be sold as the HDB resale price is the most affordable for potential buyers. Private properties can take a longer time to sell due to the premium pricing.