For most Singaporeans and PRs, the first major property decision is between HDB flats and private condominiums. Each has distinct advantages, costs, and eligibility requirements.
Quick Comparison
| Factor | HDB | Condo |
|---|---|---|
| Price Range | $300K - $800K (typical) | $800K - $2M+ (typical) |
| Eligibility | SC/PR only, strict rules | Anyone, no restrictions |
| Amenities | Basic, neighbourhood-based | Full condo facilities |
| Lease | 99 years | 99, 999, or freehold |
| CPF Grants | Up to $160K possible | None |
| ABSD | Exempt for SC first home | Applies normally |
HDB Flats: The Basics
Housing Development Board (HDB) flats are Singapore's public housing. Over 80% of Singaporeans live in HDB flats, making them the most common housing type.
Key Advantages
- • Affordable with CPF grants up to $160,000
- • Lower stamp duties (no ABSD for SC first home)
- • Access to HDB concessionary loan at 2.6%
- • Strong community amenities (markets, hawker centres, MRT)
Key Considerations
- • Strict eligibility requirements (citizenship, income, ownership)
- • 5-year MOP before you can sell or rent out
- • 99-year lease with no en bloc potential
- • Must meet ethnic integration policy
Private Condominiums: The Basics
Private condos are developed by private developers and offer facilities like swimming pools, gyms, and security. They're available to anyone who can afford them, including foreigners.
Key Advantages
- • No eligibility restrictions (anyone can buy)
- • Full condo facilities (pool, gym, tennis, BBQ)
- • Freehold and 999-year options available
- • Potential for en bloc and capital appreciation
- • No MOP restrictions
Key Considerations
- • Higher purchase price and monthly maintenance fees
- • ABSD applies (12% for SC second property, 60% for foreigners)
- • No CPF grants available
- • Bank loans only (higher interest rates)
Decision Framework
Ask yourself these questions to narrow down your choice:
- What's your citizenship? HDB requires at least one SC or PR.
- What's your budget? HDB flats are generally 30-50% cheaper than comparable condos.
- Do you value facilities? If pool/gym access is important, condo may be better.
- How long will you stay? HDB's 5-year MOP affects flexibility.
- Is this for investment? Condos typically have better rental yields and capital appreciation.
Next Steps
Still unsure? Use our tools to get more specific numbers for your situation.