Higher grants for first-time HDB buyers

Income ceiling for public housing also raised; policy changes aim to make public homes more affordable and accessible for Singaporeans

Nisha Ramchandani

Published Tue, Sep 10, 2019 · 09:50 PM

HDB

Singapore

THE Ministry of National Development (MND) and the Housing & Development Board (HDB) are enhancing housing grants for first-time buyers as well as raising the income ceiling for public housing with the aim of making public homes more affordable and accessible for Singaporeans.

Announcing the policy changes at the HDB Awards 2019 on Tuesday, Minister for National Development Lawrence Wong highlighted that the new grant would make HDB flats more affordable for first-time buyers.

As of Sept 11, a new grant, the Enhanced CPF Housing Grant (EHG) will replace the Additional CPF Housing Grant and the Special CPF Housing Grant (SHG). The maximum grant under EHG will be S$80,000, while the income ceiling for the grant will be set at S$9,000. It will apply to both new and resale flat purchases, with no restrictions on flat type an…

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