New grant, second HDB loan, 2-room flexi flats possible for Fresh Start Housing Scheme

Singapore

A NEW scheme to help public rental households own their own home again could allow these second-timers to receive another Housing Board (HDB) concessionary loan.

It could also give them the option of buying two-room flexi flats on shorter leases, which is now possible only for elderly buyers.

And while this Fresh Start Housing Scheme will include a new grant, this might be disbursed gradually over time, subject to conditions, as a way of motivating the new homeowners.

National Development Minister Lawrence Wong shared these latest ideas for the upcoming Fresh Start Housing Scheme in a …