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Are 3-Room HDB Flats Still Affordable For Singles In 2024? Here’s The Reality

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Melody

Melody is a designer who currently works in Tech and writes for fun. Her latest obsession is analysing and writing about real estate affordability for the younger generation.

Coming from an Industrial Design background, she has a strong passion for spatial design and furnishing . Having worked in Finance for almost a decade, Melody has a keen interest in sustainable investments and a nose to sniff out numbers that don’t make sense.

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Kai Cong
Kai Cong
5 months ago

Think you might require an update to the mortgage table. Above 7k, you cannot loan from hdb for singles

Stacked Homes
Admin
5 months ago
Reply to  Kai Cong

Thanks for sharing. The table was meant to accommodate all incomes whether Single or applying under another scheme just as a reference, but we’ll make a note of it in the table.

Jabroni
Jabroni
5 months ago
Reply to  Stacked Homes

@Kai Cong, that only applies to new BTO, and BTO would less likely hit the mark above 450K for a 2-room (where singles can only apply for). For resale flats, regardless of a 2-room, a 3-room, or even a 4-room, the loan amount granted from HDB depends on the remaining flat balance lease years and there are no income cap/ceiling for a loan.

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