Higher CPF Housing Grant: No big increase in resale market prices, say analysts

New post added at LushHomeMedia - Higher CPF Housing Grant: No big increase in resale market prices, say analysts

Final-year university student Belle Low has been looking to settle down with her boyfriend of four years. So far, her search for a first home has been concentrated largely on Build-to-Order (BTO) flats. But she said the increase in the CPF Housing Grant has opened up an additional option for them: the resale market. In his Budget statement delivered on Monday (Feb 20), Finance Minister Heng Swee Keat announced an increase in the CPF Housing Grant for first-timer couples looking to buy in the resale market. They used to get S$30,000 when buying a resale flat. But this amount has been increased to S$50,000 for couples who buy four-room or smaller resale flats, and S$40,000 for couples who buy five-room or larger resale flats. “The additional amount is not very large, but it’s still money,” said Ms Low. “We would definitely consider looking at resale flats now.” RESALE FLATS ...

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