HDB to set up dedicated team to help rental households progress to home ownership

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SINGAPORE: The Housing and Development Board (HDB) will set up a team dedicated to helping rental households attain eventual home ownership, said ...

SINGAPORE: The Housing and Development Board will set up a team dedicated to helping rental households attain eventual home ownership, said Senior Parliamentary Secretary for National Development Sun Xueling on Tuesday .

"We agree that public rental should only be temporary for tenants who are work-capable, and are therefore increasing support to help tenants progress towards home ownership," Ms Sun said. "We have learnt that having someone to consult, and more importantly, to provide the human touch, is important for our tenants."

Some for instance, needed advice on budgeting for a flat purchase, while others shared that they appreciated the face-to-face support from the Fresh Start team, she added. Ms Sun added that for some tenants, home ownership may not be an immediate goal. These tenants may have more immediate concerns such as addressing family conflicts.As such, HDB will be providing spaces for MSF to establish social service hubs near rental flats to offer localised programmes and services. When those families have stabilised, HDB will engage them on home ownership, she said.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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