Households with incomes above $7,000 a month that have additional expenses due to exceptional circumstances can approach HDB for help.The authorities currently have no plan to raise the $7,000 income cap under a scheme that provides temporary homes for families waiting for their Build-To-Order units, or the voucher amount to rent an HDB flat on the open market, said Second Minister for National Development Indranee Rajah.
The initiative provides these families with more support as HDB works to double its supply of interim rental flats under the scheme from the 2,000 units now to 4,000 units by 2025.Pritam Singh to continue with parliamentary and town council duties until legal process completedMr Louis Chua , from the Workers’ Party, asked if the Government would consider raising the income ceiling for families who wish to use the rental voucher.
She added that the voucher amount was “carefully calibrated” to provide some relief for eligible families while mitigating its potential inflationary impact on the rental market. He noted that median rents for three- and four-room flats have gone up by about $600 to $1,600 a month since 2021, “which is considerably more than the $300 voucher given”.
She added that lower-income households can benefit from the ramped-up supply of interim rental flats under the PPHS if they do not use the rental voucher.
Source: News Formal (newsformal.com)
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