18 Feb '11, 11am

#Singapore: Special housing grant to help low-income buyers: THE government will introduce a Special CPF Housing...

THE government will introduce a Special CPF Housing Grant (SHG) to help low-income families buy their first Build-to-Order flat. This is on top of the existing $40,000 housing grant to help the bottom 50 per cent of households in Singapore, Finance Minister Tharman Shanmugaratnam said in his Budget speech on Friday. In total, the government will provide about $175 million in grants each year. This is also in addition to the subsidised loan low-income buyers receive. Details of this new Special Housing Grant will be provided in the coming weeks by the Minister of National Development, Mah Bow Tan. Read also: How Budget 2011 adds up for Singaporeans ST Poll: S'poreans wanted more from Budget 2011 ElderFund top-up of $700m to hit target of $2.5b $10 billion to upgrade homes, rejuvenate estates Top-ups to help elderly with medical expenses $90m Child Development Credit to bene...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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