MND & HDB introduced Three New Measures

app.mnd.gov.sg  24 Aug 2015

I) Helping Extended Families Live Together or Closer By

MND and HDB introduced a new Proximity Housing Grant (PHG) with effect from 24 August 2015.

To help all Singapore citizen families who buy a resale flat to live with or near their parents or married child and Eligible singles buy a resale flat with their parents.

All Singaporeans are eligible for PHG once, regardless of :

a) whether they had enjoyed housing subsidies before, including the Higher-Tier CPF Housing Grant,

b) their household income or

c) ownership of private property.

The grant recipients and their parents or married child must live with or in close proximity to each other for at least 5 years.

Citizen Families Buying a Resale Flat, call 6598531741

Source from MND

Citizen Singles Buying a Resale Flat, call 6598531741

Source from MND

II) Raising Income Ceilings

With effect from 24 August 2015, MND and HDB will raise the income ceilings for citizen households to buy new flats from the HDB and HDB resale flats.

MND and HDB will also raise the income ceiling for citizen households to buy new Executive Condominium (EC) units with tiered CPF Housing Grant.

Resale Flats and New EC Units, call 6598531741

Source from MND

III) Helping Lower and Middle-Income Families Afford Their First Home

MND and HDB will increase the Special CPF Housing Grant (SHG) to further help lower-income and middle-income households afford their first home.

a) The maximum SHG amount will be doubled from $20,000 to $40,000; and

b) The income ceiling for the SHG will be raised from $6,500 to $8,500.

Read Full Article on:
http://app.mnd.gov.sg/Newsroom/News-Page/ID/672/year/2015/RA1/RA2/RA3?category=Press%20Release

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