Minister of State for National Development Muhammad Faishal Ibrahim said the HDB’s home ownership support team was set up in 2019 to provide more dedicated support for households like Madam Zaidah’s.
The team guides rental households through the process of home ownership – from planning their purchase till they collect their keys – while considering factors such as family and financial stability. “When I meet those who have purchased a flat, there is a sense of achievement and happiness... Our aim is to help families living in public rental flats achieve home ownership and inter-generational mobility, so their children can move up the social ladder,” said Dr Faishal.Dr Faishal said some tenants may face difficulty in buying a home as they do not have sufficient funds in their CPF Ordinary Account – this may be because they have freelance jobs, for instance.
Madam Zaidah said having her own home was always the plan, as her rental flat was cramped and not conducive for her children. “Now, I can have more built-ins, like a TV console and kitchen cabinets. And my children will have a place to live if anything happens to me,” she added.
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