20 Feb '17, 9am

JUST IN: Good news for young couples buying resale flats - higher subsidies of up to $50,000

Young couples buying resale flats will enjoy higher subsidies of up to $50,000. In his 2017 budget statement, Finance Minister Heng Swee Keat shared that CPF housing grants will be raised from $30,000 to $50,000 for first-time applicants looking to buy 4-room or smaller HDB flats on the resale market. For 5-room or larger flats, the grants will be increased from $30,000 to $40,000. This measure is expected to cost the government an additional $110 million per year. More details will be announced by the Ministry of National Development during the upcoming Committee of Supply debate. Romesh Navaratnarajah , Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email [email protected]

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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