Singapore Budget 2018: Bigger handouts under enhanced Proximity Housing Grant
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Singapore
SINGLES who buy a resale public housing flat to live near their parents will now receive S$10,000 under the enhanced Proximity Housing Grant (PHG) scheme.
The one-time grant is currently given only to singles who buy a resale flat to live with their parents. Under the enhanced PHG, the grant for this category of singles is now increased to S$15,000.
For families buying a resale flat to live with parents or children, the PHG grant is also raised from S$20,000 to S$30,000.
Those who buy a resale flat to live near parents or children will continue to receive S$20,000.
Under the enhanced PHG, the definition of "near" is revised to simply "within 4km". Currently, it is defined as living in the same town or within 2km.
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All these enhancements, which will cost an additional S$80 million, take effect immediately.
The PHG has been introduced to help more families buy a resale flat to live with, or live close to, one another for mutual care and support.
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