SINGAPORE - Young couples with high incomes and those looking to offload their Housing Board flats in the resale market are likely to be the biggest beneficiaries of the new HDB policies announced on Tuesday , said observers.
ERA Realty key executive officer Eugene Lim said it is increasingly common for some fresh graduates to start with higher salaries, such as those in IT and finance. Another major change is the new Enhanced CPF Housing Grant of up to $80,000. It replaces two previous grants, but allows more people to benefit as it has a higher income cap and does not impose any restrictions on the flat size or location.
OrangeTee & Tie's head of research and consultancy Christine Sun said the change was timely, given that a large number of flats - about 25,000 a year - are expected to reach their minimum occupation period and go on the resale market in each of the next few years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Higher income ceilings, enhanced housing grant for HDB flat buyersThe income ceilings to qualify for the purchase of HDB flats will be raised from Wednesday (Sep 11) as part of measures “to help more Singaporeans ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Public housing projects lauded for good design, construction quality at HDB awardsSINGAPORE - As its name suggests, Tampines GreenRidges - the first Housing Board Built-To-Order (BTO) project to be completed in Tampines North - is meant to evoke mountain ridges.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
New housing grant to breathe life into stagnant HDB resale market: AnalystsSINGAPORE — The Enhanced Central Provident Fund (CPF) Housing Grant announced on Tuesday (Sept 10) would inject more life into the tepid Housing and Development Board (HDB) resale market, said property analysts.
Source: TODAYonline - 🏆 1. / 99 Read more »
27 HDB projects win design, construction and engineering awardsThese awards aim to recognise the industry partners of HDB for their contributions in developing quality and well-designed homes. YahooFinance
Source: YahooSG - 🏆 3. / 71 Read more »
More first-time HDB flat buyers to get higher grants; income ceiling for eligible buyers raisedFrom Sept 11, a new Enhanced CPF Housing Grant of up to $80,000 will be made available to eligible buyers. The income ceiling for new flats and ECs will also be raised.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
HDB unveils new measures to make public homes more affordableSINGAPORE — The household income ceiling for families to buy a new HDB flat will be increased from Wednesday (11 September) as part of measures to make public homes more affordable and accessible.
Source: YahooSG - 🏆 3. / 71 Read more »