05 Mar '11, 2am

Some take swift advantage of HDB rule change: By Daryl Chin First-time home-buyer Roslan Sidek will not be chang...

Some take swift advantage of HDB rule change: By Daryl Chin First-time home-buyer Roslan Sidek will not be chang...

First-time home-buyer Roslan Sidek will not be changing his mind. The senior technician, who earns $4,000 a month, feels that the space a four-room flat affords is necessary for his three children. -- ST PHOTO: CHEW SENG KIM A DAY after the Housing Board relaxed rules on the income ceiling for three-room flats in non-mature estates, three couples have opted to downsize from their four-room flats. The HDB raised the income ceiling from $3,000 to $5,000 for three-room units as part of the latest measures to benefit first-time buyers, particularly those from low- and middle-income households. The other measures announced by National Development Minister Mah Bow Tan on Thursday include increasing the supply of flats for the first half of the year to 14,000 from 11,000 in the same period last year, and shortening the waiting time for applicants to choose their flats. The higher...

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

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