18 Feb '11, 10pm

Special Housing Grant to help lower income families buy flats

Singapore - More help is being provided for lower income families to buy HDB flats. The Government is also spending S$10 billion over the next 10 years to upgrade HDB homes and rejuvenate estates. Outlining the Government's plans to provide better homes and lives for all Singaporeans, especially those in the lower income group, Finance Minister Tharman Shanmugaratnam said: "We will build on the positive momentum we have achieved in recent years. The main thrust of what we want to do is to reach out to everyone." The Government will provide a Special CPF Housing Grant to lower income families who are buying a Build-to-Order (BTO) flat for the first time. The grant will be given to families who earn up to S$2,250 per month. It is in addition to the Additional CPF Housing Grant, amounting to S$40,000, currently given to the bottom 50 per cent of households to help them own a ...

Full article: http://www.todayonline.com/Singapore/EDC110219-0000228/Sp...

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