23 Aug '15, 4pm

11 announcements from PM Lee's #ndrsg speech you should know about:

SINGAPORE - Prime Minister Lee Hsien Loong's National Day Rally speech on Sunday was a wide-ranging one that was in equal parts a look back and a look forward. He also announced policy changes that drew cheers from many in the audience. Here's a recap of the 11 key ones. HOUSING 1. The income ceiling of buyers of Build-to-Order (BTO) flats will be raised from $10,000 to $12,000, and that for executive condominiums (ECs) from $12,000 to $14,000. This means more Singaporeans at the higher end of households will be eligible for subsidised housing. 2. To make flats more affordable, the income ceiling for the existing Special Housing Grant (SHG) will be raised from $6,500 to $8,500. The maximum grant amount will also be doubled to $40,000. With these changes, even those who earn below $1,000, but hold a stable job and contribute to CPF regularly will be able to afford a two-roo...

Full article: http://www.straitstimes.com/singapore/national-day-rally-...

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