03 Mar '11, 8am

[CNA] Special CPF Housing Grant for low-income families

[CNA] Special CPF Housing Grant for low-income families

SINGAPORE: The Singapore government has announced more help for low families own their first flat. From Thursday, families earning up to S$2,250 a month can now look forward to a Special CPF Housing Grants (SHG). Those with household incomes of up to S$1,500 dollars will get the maximum S$20,000 in SHG. National Development Minister Mah Bow Tan told Parliament that the new SHG announced on Thursday is over and above the regular housing subsidy and the Additional Housing Grant (AHG). To encourage financial prudence, families whose monthly household incomes do not exceed S$1,500 can only buy a 2-room standard flat in the non-mature estates from the HDB. Together with the AHG, these families will enjoy a total CPF housing grant amount of S$60,000. This is on top of the price subsidy that already comes with the new 2-room flat. Mr Mah said the SHG will make owning an HDB flat ...

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

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