SINGAPORE - From Wednesday , more first-time buyers will get higher grants and more flexibility to choose the size of their flat and where it is located.Announcing these changes on Tuesday, Minister for National Development Lawrence Wong said they simplify the grant structure and increase affordability for first-time buyers.
Those buying Build-to-Order flats may be eligible for the AHG and SHG, while those buying resale homes could get the CPF Housing Grant and the AHG. With this change, an eligible first-timer family earning $4,800 a month and buying a new four-room flat in a mature estate from the HDB can get $45,000 in grants, compared to $5,000 under the old system.
Since the last income ceiling raise four years ago, incomes have risen, said Mr Wong, adding that more Singaporeans should be allowed to qualify.
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