Up to 30% of new BTO two-room flats kept aside for eligible singles earning S$5,000 and under a month.
Singles over 35 years of age and who meet certain criteria can buy new flats directly from the HDB as of today (July 30).
The Housing and Development Board (HDB) has launched nearly 4,000 for sale under the July Build-to-Order (BTO) exercise in Bukit Merah, Sengkang and Yishun. The flats, ranging from studio apartments to five-room flats, are being offered to meet diverse housing needs, the HDB said in a statement today.
A total of 519 new two-room flats in Sengkang and Yishun will be offered in this BTO exercise, comprising 301 units in new BTO projects, and another 218 units from previous BTO exercises.
First-timer singles will enjoy up to 30 per cent of the two-room flat supply in these non-mature estates. Eligible singles must be at least 35 and earn S$5,000 or less a month.
Singles who apply for these flats under the Joint Singles Scheme (JJS) will pay the same BTO price as married couples. However, singles who apply under the Single Singapore Citizen Scheme (SSC) will pay S$15,000 more than married couples.
Singles who later marry will receive the CPF Housing Top-Up Grant of S$15,000 after marriage.
This is similar to existing schemes for singles, who are eligible for a total of S$30,000 in CPF Housing Grants under the JSS and S$15,000 under the SSC.
Previously, singles aged 35 and above could only buy resale flats of any size and in any location. Those earning a monthly salary of S$5,000 or less and buying a 5-room or smaller resale flat, get a CPF housing grant of S$15,000.
This new housing policy was promised by Prime Minister Lee Hsien Loong in last year’s National Day Rally and confirmed in Parliament by National Development Minister Khaw Boon Wan.
Today – 30 Jul 2013