Vincent Ong 6598531741

Measures to Support Housing Needs of Singaporeans

At the Committee of Supply debate today, the Ministry for National Development announced measures to assist Singaporeans at different life stages with their housing needs, including the elderly and lower-income families.

  • Announcing Build-To-Order Projects Six Months in Advance
  • Reducing Balloting Time from 6 Weeks to 3 Weeks
  • HDB will be setting up the Home ownership Support Team (HST), to provide greater support to rental tenants, especially families with children, who are ready to buy a flat.
  • To smoothen the housing transition for divorcees, divorcing parties will no longer have to wait until they have obtained the Final Judgement of divorce in order to apply for a flat. Instead, starting from the May 2019 sales exercise, divorcing parties can apply for a new flat from HDB if they have obtained an Interim Judgement of divorce and have settled the ancillary matters on their matrimonial property, and the custody, care and control of their children. Each party will be subject to eligibility criteria like all flat applicants. They must also obtain the Final Judgement of divorce before key collection, and ensure that they remain eligible for the flat that they had booked.

– 07 Mar 2019

Read Full Article at https://www.hdb.gov.sg/cs/infoweb/press-releases/joint-mnd-hdb-press-release-measures-to-support-housing-needs

Posted in Singapore Property News and tagged , , .