Tag Archives: most

Most BTO flat buyers in mature estates are first-timers

Artist’s impression of the Tampines GreenCourt BTO project. (Photo: HDB)

On average, about 80 percent of people buying Build-to-Order (BTO) flats in mature estates from the Housing and Development Board (HDB) are first-timers, according to a written parliamentary reply from the Ministry of National Development on Monday (8 January).

It stated this in reply to a question from Desmond Choo, Member of Parliament (MP) for Tampines Group Representation Constituency (GRC).

Meanwhile, Choo asked whether the ministry will consider extending the Special Housing Grant (SHG) to first-time buyers, whose parents reside within 2km of their BTO units in mature estates.

“There are currently no plans to extend the SHG to the purchase of flats in the mature estates. Eligible first-timer households can continue to enjoy up to $ 40,000 in the Additional CPF Housing Grant (AHG) when they purchase a flat in the mature estates,” responded the ministry.

It explained that the SHG is intended to assist lower- to middle-income families purchase their first dwelling. But currently, this can only be obtained by households buying four-room or smaller HDB flats in non-mature estates.

 

This article was edited by Keshia Faculin.

Latest News from PropertyGuru

Inside one of the world's most secretive iPhone factories

Inside one of the world's most secretive iPhone factories
SHANGHAI — A few minutes past 9am (9am, Singapore time) at Pegatron's vast factory on Shanghai's outskirts, thousands of workers dressed in pink jackets are getting ready to make iPhones. The men and women stare into face scanners and swipe badges …
Read more on TODAYonline

Asian markets mostly dip as US, Japan bank meetings eyed
Among other markets Hong Kong was down 0.6 percent in the afternoon and Sydney lost 0.3 percent while Singapore shed 0.8 percent and Wellington lost more than one percent. However, Shanghai added 0.6 by the close after losing about four percent last …
Read more on Times of India

TPP: Reams of Regulations
… of these votes concerns the Trans-Pacific Partnership (TPP), a massive “integration” scheme for the United States and 11 other Pacific Rim nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam …
Read more on The New American

error: Content is protected !!