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I like to buy a new HDB flat for my 11 year old son under irrevocable trust. I am married and
my income is > $14000/month. I have 2 private properties of which I am living in one while my wife
income is $2200/month and has 1 private property. I understand I will have to pay cash in full at point
of S&P and there is a 65% ABSD which I can request for remission later.

I have the following queries :
1. What are the eligibility criteria for such a purchase for trustee and for beneficiary ?
2. Who can occupy the flat after it is completed ? trustee or beneficiary even though under 21 ? tenant ? or left empty ?
3. Once my son reaches 21, the flat ownership will be transferred to him and he is likely to be single at that time. Will there be a problem ?
4. To get HDB approval, do both parents need to be trustees or 1 parent ?
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5 Answers

Single age below 35 is not eligible to own HDB. Also there is no such scheme to own HDB under trust. You can look into private properties instead. Read More
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Hi, it is not possible to purchase a HDB under a trust for a single below 35. Perhaps private properties are a better alternative for trust purchase.

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Hi Sir,

It is not possible to buy a HDB flat under a trust. You can only purchase a private property under a trust. For property purchase under a trust, you will need to pay in full and you will not be able to take a loan.

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Hi,

It is not possible to purchase HDB under a trust, regardless of age. Only private properties.

Yes for buying private property under trust, full cash basis is required, and ABSD 65% must be paid upfront as well, with refund later upon fulfillment of eligibility conditions set out by IRAS.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

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In Singapore, individuals below the age of 35 are not eligible to purchase an HDB flat. Additionally, there is no specific scheme allowing HDB ownership under a trust arrangement. If you fall into this category, you may want to explore private properties as an alternative
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