SINGAPORE: The Housing and Development Board will further extend the suspension of late payment charges on HDB mortgage arrears to Mar 31 next year, to help cushion the impact of COVID-19, said National Development Minister Desmond Lee on Thursday .In a Facebook post, Mr Lee said that economic conditions are expected to remain challenging for some time.
"Because of this, some households are struggling to cope with their housing mortgage repayments," he said. Additionally, households living in HDB rental flats will get a 50 per cent rent rebate for three months between October and December. Late payment charges on rents will continue to be suspended until Mar 31 next year.
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