04 Mar '11, 1am

Needy families who want to buy their first HDB flat can now get a new govt grant of up to $20,000

Needy families who want to buy their first HDB flat can now get a new govt grant of up to $20,000

Madam Saribanon Senin with her son Mohd Faiz Rosli, four, in their rental flat in Bukit Merah. The new special housing grant scheme will enable her family to own their home, so that money saved from rental fees can go to expenses for their children, for example. -- ST PHOTO: RAJ NADARAJAN POOR families who want to buy their first Housing Board flat can now get a new Government grant of up to $20,000 to do so. Together with an existing grant of $40,000, they will have up to $60,000 to help pay for their new home. A new two-room built-to-order HDB flat sells for between $80,000 and $120,000. The new assistance announced by National Development Minister Mah Bow Tan in Parliament on Thursday means that a poor family can get between half and three-quarters of the price covered by government grants. It can even mean more cash in hand for low-income families. Instead of paying to...

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

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