28 Dec '12, 5am

Improvements to elderly housing schemes #PR

Dec 28, 2012 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Romesh Navaratnarajah : In response to public feedback and suggestions, the Ministry of National Development (MND) has enhanced the Silver Housing Bonus (SHB) and Enhanced Lease Buyback Scheme (LBS) for the elderly. “We need to strike a balance between improving retirement adequacy by requiring a meaningful top-up to the CPF, and keeping the schemes attractive by allowing adequate cash proceeds,” said National Development Minister Khaw Boon Wan. Hence, several suggestions from the public were taken into account to come up with the enhancements, making the schemes more appealing to Singaporeans, Mr Khaw noted. Under the Silver Housing Bonus (SHB), the government has lowered the top-up requirement to S$60,000 per household (subject to an S$100,000 cap on cash proceeds if the applicant did not ach...

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

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