Personal finance

A Quick Guide to Buy Your First Property in Singapore


Purchasing a property in Singapore holds significant importance for its residents, given the scarcity of land in the country. Whether you’re a couple or a single individual, buying your first property requires careful consideration and understanding of the available options. In this blog post, we will explore the different avenues for property purchase in Singapore, focusing on considerations for couples, singles, and the various types of housing available.

1.Couples Buying Their First Property: Build-to-Order (BTO) Flats

For couples intending to get married, the most straightforward route to homeownership is through the Build-to-Order (BTO) flats. BTO flats are part of the public housing scheme in Singapore, where residents pre-order a flat from the government. Although BTO flats take approximately four to five years to build from the order date, they offer affordability and the advantage of a brand-new apartment. However, there are income limitations for BTO eligibility, with a monthly cap of $14,000 for a couple. To maximize chances of eligibility, many couples apply for BTO flats before reaching the income cap, typically during their early working years, of course there are actually several housing runs that you could apply for if you are going for a BTO flat i will spare you the details but you can look it up on hdb’s official website.

2.Alternative Option for Couples: Resale Flats

If waiting for a BTO flat is not feasible or if the combined income exceeds the $14,000 cap, couples can explore the option of purchasing resale flats. Resale flats are available in various categories, including BTO flats that have passed the five-year minimum occupation period or secondhand flats sold by third-hand owners. Unlike BTO flats, there are no income restrictions for resale flat eligibility, provided the couple does not own any other public or private properties. Resale flats are generally more expensive than BTO flats due to market demand and supply dynamics. However, they offer faster possession and greater flexibility in terms of location and flat size.


3.Private Housing: Condominiums and Landed Properties

Private housing options, such as condominiums and landed properties, cater to those with higher incomes and a greater budget for homeownership. Condominiums offer amenities, gated security, and a range of facilities, but they come with recurring monthly maintenance fees. The cost of private housing can be substantial, with prices starting around $600,000 for a small studio apartment in outlying areas. However, private housing provides an excellent living experience and is not subject to government subsidies or grants.

4.Property Considerations for Singles

Singles face unique challenges in the Singaporean housing market. Public housing is typically available for purchase by singles aged 35 and above, with restrictions on the type of flats they can apply for. For BTO flats, singles can only apply for two-room flats in non-mature estates. However, for resale flats, there are no age restrictions or limitations on flat size. Singles under the age of 35 who wish to own their own apartment often consider purchasing condominiums. Though expensive for an individual, renting out spare bedrooms to tenants can help offset mortgage costs.



Purchasing your first property in Singapore requires careful evaluation of the available options and consideration of your financial circumstances. Build-to-Order (BTO) flats are ideal for couples looking for affordable and brand-new housing, while resale flats offer greater flexibility and faster possession. Private housing, such as condominiums and landed properties, caters to those with higher incomes. Singles face unique challenges, with limited options for public housing and considerations for affordability. By understanding the various pathways to homeownership, individuals and couples can make informed decisions when purchasing their first property in Singapore.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered as financial or legal advice. It is essential to consult with relevant professionals before making any property.


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