15 Aug '11, 3am

Singles and seniors get more help for housing

Singles and seniors get more help for housing

SINGAPORE: Singles buying a resale flat for the first time will receive more assistance from the government. The monthly income ceiling to qualify under the single Singapore Citizen scheme will be raised to S$5,000, up from S$3,000. Singles will also enjoy a CPF Housing Grant of S$15,000, up from S$11,000. And those applying under the Joint Singles Scheme will see the monthly income ceiling raised to S$10,000, and will receive up to S$30,000 in housing grants. Speaking to reporters after touring the Pinnacle at Duxton, National Development Minister Khaw Boon Wan said it was necessary to raise the income ceilings and housing grants to match rising salaries. This was the same reason for raising the income ceiling to qualify for a Build-To-Order (BTO) flat, said Mr Khaw. On Sunday, Prime Minister Lee Hsien Loong announced that the income ceiling for BTO flats will be revised ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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