An ASP account – or an account under the state-subsidised housing saving and support scheme – offers a convenient and rewarding way to save for your first own home. When you save up some of the money needed to buy a home, we will lend the rest to you.
ASP in a nutshell:
- Begin ASP saving by opening an ASP account at your bank. You do not need to have regular income yet.
- You can begin ASP saving when you are aged between 15 and 39.
- The saving plan for the account is flexible, meaning that it can be adjusted depending on your life situation and the size of your purse.
- When you have saved 10% of your future home's purchase price, the bank will grant you the rest of the home price in the form of an ASP loan.
Funds in an ASP Account generate OP bonuses. Read more under "Enjoy benefits"!