Buyers awaiting their BTO units said they would continue to apply for a flat under the Parenthood Provisional Housing Scheme.After failing to secure an interim rental flat under the Parenthood Provisional Housing Scheme , an assistant manager who wanted to be known only as Ms Peh resigned herself to renting a three-room flat in Ang Mo Kio for $2,900 a month in 2022.
But Ms Peh, who applied more than three times for a temporary home in 2021 before committing to a two-year lease, said: “$300 a month is not sufficient support at all, compared with high rents and rising costs of living. Other buyers awaiting their BTO flats told The Straits Times that the rental voucher scheme was a good initiative, but that they would continue to apply for a PPHS flat as rents on the open market are steep.
“Rents for three-room flats on the open market are, at a minimum, $2,300 a month. Plus, the voucher is only for a limited time,” she added. Mr Lee told Parliament on March 5 that the voucher amount was “carefully calibrated” to help families defray the cost of renting a flat on the open market, while mitigating its potential inflationary impact on the rental market.Second Minister for National Development Indranee Rajah said in a video interview with ST on March 7 that about 400 families that qualify for PPHS are currently renting on the open market.
Source: Real Estate Daily Report (realestatedailyreport.net)