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Real Estate Realities by Ku Swee Yong

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11.

Are ECs within easier reach than five-room resale flats?

 

5 September 2013, TODAY

Details of new Housing Development Board (HDB) schemes to help the lower and lower-middle income Singaporean families own their homes were announced on 27 August 2013. This was a follow up to the broad measures mentioned by our Prime Minister in a most caring and compassionate National Day Rally speech on 18 August 2013. Amongst the new schemes are additional grants given for families to own their first HDB homes of up to four-room flats through the Special CPF Housing Grant, as well as a Step-Up CPF Housing Grant for families to upgrade from two-room flats to three-room flats. Enhancements were also made to the Multi-Generation Priority Scheme and in the ...

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