Housing and Development Board (HDB)
Deferred Downpayment Scheme (DDS)
Elderly can defer downpayment until key collection.
Overview
The Deferred Downpayment Scheme (DDS) allows elderly individuals who are right-sizing their homes to postpone the payment of the downpayment until they collect the keys to their new flat.
This helps elderly flat owners manage their cash flow when their funds are still tied up in their current property, making the right-sizing process smoother.
Scheme type
Who qualifies
Eligibility groups
What you receive
Eligibility details
Elderly flat owners who are right-sizing and have funds tied up in their existing flat.
How to apply
Application details are not specified in the provided text. Typically, such schemes are applied for through HDB during the flat purchase process.
Agency details
TOA PAYOH
Important Information
Scheme details may change. Check the official agency website for the latest eligibility, benefits, and application information.
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