Singapore Budget 2018: Bigger handouts under enhanced Proximity Housing Grant

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.

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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