Latest Singapore Property News

HDB BTO Balloting Time reduced from 6 weeks to 3 weeks from May 2019

At the Committee of Supply debate today, the Ministry for National Development announced measures to assist Singaporeans at different life stages with their housing needs, including the elderly and lower-income families.
 
Keeping Housing Affordable and Accessible for Singaporeans
 
hdb mnd to help needy more pic2a
 
Announcing Build-To-Order Projects Six Months in Advance
 
2         Currently, HDB announces upcoming Build-to-Order (BTO) projects three months in advance. To facilitate home buyers in planning ahead for their new flat purchase, HDB will announce upcoming BTO projects six months in advance from May 2019 onwards. At the May 2019 sales exercise, HDB will therefore announce the BTO projects to be launched in August and November 2019.  
 
Reducing Balloting Time from 6 Weeks to 3 Weeks
 
3         HDB has been making steady progress in reducing the BTO balloting time. From the May 2019 BTO exercise onwards, the balloting time will be reduced from 6 weeks to 3 weeks, meeting the challenge set by Minister Lawrence Wong at COS 2018.  
 
Meeting the Needs of the Elderly
 
4         MND and MOH have been exploring the concept of assisted living, where housing is integrated with care services. We will be conducting Focus Group Discussions in mid-2019 to seek views on the proposed concept, and are working towards a pilot at Bukit Batok in 2020.
 
Supporting Lower-Income Families
 
Dedicated Team to Support Rental Tenants
 
5          HDB will be setting up the Home ownership Support Team (HST), to provide greater support to rental tenants, especially families with children, who are ready to buy a flat. This includes advising them on their housing budget and options, the grants and schemes available to help them, and guiding them through the flat-buying process. If tenants are not yet ready for home ownership, HDB will link them up with the relevant agencies that can help address their needs.
 
Enhancements to Step-Up CPF Housing Grant
 
6         The Step-Up CPF Housing Grant (SUHG) of $15,000 was introduced in 2013 to help lower-income families living in subsidised 2-room flats (2-room new flats or resale flats that were bought with CPF housing grants.) in the non-mature estates to buy 3-room new flats in the non-mature estates.
 
7         To provide greater assistance to lower-income families, HDB will extend the coverage of the SUHG to include 3-room resale flats in the non-mature estates.  The grant will also be extended to second-timer families living in public rental flats who intend to buy 2-room or 3-room, new or resale flats in the non-mature estates.
 
8         Currently, the grant is disbursed before the buyer signs the Agreement for Lease. HDB will now disburse the grant before the key collection for their new flat. This will help to ensure that the buyers are financially ready for home ownership.
 
9         The revisions to the SUHG will take effect from the May 2019 sales exercise. Please see table below.
 
hdb mnd to help needy more
 
Enhancements to Fresh Start Housing Scheme
 
10        The Fresh Start Housing Scheme was launched in 2016 to help rental families with young children who are second-timers to buy a home of their own. HDB will enhance the scheme to further assist these families:
 
    Set up of Fresh Start Support Programme (FSSP) to help Fresh Start families stay on track in their journey to home ownership. The Support Programme will be run by a service provider appointed by the Ministry of Social and Family Development (MSF). Through closer and more regular contact with families, the Support Programme will allow emerging issues to be addressed early, and ensure that support is provided in a timely manner.
     
    Special consideration for selected families who applied but did not meet some of the criteria. Some families may not qualify for Fresh Start but demonstrate good potential and motivation for it. Flexibility will be given to these families to join Fresh Start and book a BTO flat. They will also receive more intensive support through the Support Programme.
     
    To qualify for Fresh Start, one of the current criteria is that the family needs to have at least one Singaporean child below the age of 16. The age limit for the youngest child will now be increased to age 18 to benefit more families.
    a.  The new age limit will also be applied to the Parenthood Priority Scheme (PPS) and ASSIST, or the Assistance Scheme for Second-Timers (Divorced/ Widowed Parents), i.e. families will need to have at least one child aged 18 or younger in order to qualify.
 
Improvements to Rental Blocks and Flats
 
11       As part of HDB’s continued efforts to upgrade older blocks, HDB will carry out improvement works to some rental blocks built in the 1960s and 1970s. These older blocks have long central corridors and units on both sides, which limit the natural ventilation and light in these blocks. HDB intends to improve the airflow and brightness by creating more openings along the corridors, where feasible.
 
12       In addition, tenants sharing 1-room rental flats under the Joint Singles Scheme (JSS) will benefit from enhancements to their flats. Since 2015, HDB has built some new rental flats with partitions, to create separate sleeping areas for each tenant for greater privacy. There are about 500 such flats and another 200 are under construction, with more of such flats to be built. Existing JSS tenants who are living in flats without partitions can also ask for partitions to be installed.
 
13       Apart from these efforts, HDB will continue to refresh our existing rental housing stock by gradually redeveloping older rental blocks, so that tenants can benefit from newer blocks with better, more updated designs. To promote more inclusive neighbourhoods, HDB will also build more integrated blocks with sold and rental flats. More details will be provided in due course.
 
Rent Policy Changes
 
14       The rental rates in HDB’s public rental housing are tiered progressively, according to household income. The rents are reviewed when tenants renew their tenancy every 2 years. To encourage tenants to continue increasing their income and saving up while working towards home ownership, HDB will not increase rents for those who have made a downpayment and signed the Agreement for Lease for a flat. They will continue to pay the same rent they were charged at the time when they made the downpayment for their new flat, even if their income increases thereafter. This will take effect for tenancies which commence from 1 June 2019.
 
Supporting Vulnerable Families
 
15       To smoothen the housing transition for divorcees, divorcing parties will no longer have to wait until they have obtained the Final Judgement of divorce in order to apply for a flat. Instead, starting from the May 2019 sales exercise, divorcing parties can apply for a new flat from HDB if they have obtained an Interim Judgement of divorce and have settled the ancillary matters on their matrimonial property, and the custody, care and control of their children. Each party will be subject to eligibility criteria like all flat applicants. They must also obtain the Final Judgement of divorce before key collection, and ensure that they remain eligible for the flat that they had booked.
 
hdb mnd to help needy more pic2a
 
Enquiries
 
16       For enquiries, the public can call HDB’s Sales/ Resale Customer Service Line at 1800-866-3066 or the Branch Service Line at 1800-225-5432 between 8.00am and 5.00pm from Mondays to Fridays.
 

Add comment

Names are unique; get yours today with a comment!

Security code
Refresh

La Business

IMF says China should keep exchange rate flexible as trade war intensifies
IMF says China should keep exchange rate flexible as trade war intensifies

  The International Monetary Fund says China should keep its exchange rate f [ ... ]

Read more la
Trump labels China as 'currency manipulator,' as yuan drops to historic lows
Trump labels China as 'currency manipulator,' as yuan drops to historic lows

  U.S. President Donald Trump has lashed out against China for manipulating it [ ... ]

Read more la
Japan considered undeveloped in AI, says SoftBank CEO
Japan considered undeveloped in AI, says SoftBank CEO

  One of Japan's top businessmen says his 90-billion U.S. dollar venture fu [ ... ]

Read more la
Bill Gates' wife Melinda Gates: Trump 'isn't being true' to American values
Bill Gates' wife Melinda Gates: Trump 'isn't being true' to American values

  Melinda Gates has accused US President Donald Trump of not being "true" to Ame [ ... ]

Read more la
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person

  A report by the Hyundai Research Institute projects the local coffee industry's  [ ... ]

Read more la
Deutsche Bank to cut 18,000 jobs worldwide in radical restructuring
Deutsche Bank to cut 18,000 jobs worldwide in radical restructuring

  Deutsche Bank has announced a plan to cut 18-thousand jobs by 2022 to boost  [ ... ]

Read more la
Huawei denies conducting research for Chinese military
Huawei denies conducting research for Chinese military

  Huawei's top legal officer claims the company does not customize products no [ ... ]

Read more la
FedEx sues US Commerce Department over export controls in Huawei dispute
FedEx sues US Commerce Department over export controls in Huawei dispute

  Global delivery firm FedEx has a 'special delivery' for the U.S. government. [ ... ]

Read more la
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future

  The U.S. Federal Reserve has kept interest rates unchanged,... but hinted  [ ... ]

Read more la
Huawei signs deal with Russian telecoms firm to develop 5G
Huawei signs deal with Russian telecoms firm to develop 5G

  China's Huawei has signed a deal with Russian telecoms firm MTS to develop 5G  [ ... ]

Read more la
Mastercard drops Neymar from campaign amid rape allegation
Mastercard drops Neymar from campaign amid rape allegation

  Mastercard has canceled a planned advertising campaign featuring Brazilian s [ ... ]

Read more la
World Bank downgrades 2019 global economic outlook to 2.6%
World Bank downgrades 2019 global economic outlook to 2.6%

  The World Bank has downgraded its global economic outlook for this year to two [ ... ]

Read more la
Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China
Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China

  The head of the U.S. Federal Reserve has hinted at a possible interest rate  [ ... ]

Read more la
Generation Z seeks fun and relies on influencers when shopping
Generation Z seeks fun and relies on influencers when shopping

  It appears those born in the mid-90s or later - have unique shopping habits... [ ... ]

Read more la

Our Sponsors


La Latest

Samsung unveils Galaxy Note 10, souped-up Note 10 Plus

  Samsung introduced its new premium smartphone, the Galaxy Note 10, on Wednes [ ... ]

Read more la
Police officer killed attending reported burglary

  A police officer has been killed after attending a reported burglary in th [ ... ]

Read more la
Costs of raising pets and changing pet market consumer trends

  The pet market is growing amid an increasing number of people raising pe [ ... ]

Read more la
Trump says he doesn't want to see Hong Kong protests met with violence by China

  As the pro-democracy movement in Hong Kong continues to simmer despite a [ ... ]

Read more la
Radioactive water may be discharged from Fukushima plant into Pacific Ocean

  South Korea has vowed to actively seek ways to deal with Japan's planned disch [ ... ]

Read more la
Hong Kong International Airport resumes flights after 2 days of mass disruption

  The chaotic protests at Hong Kong International Airport over the past couple o [ ... ]

Read more la
Hong Kong International Airport cancels all flights as protests continue on Monday

  More than 100 flights have been cancelled at Hong Kong International A [ ... ]

Read more la
Ostrich runs through streets of China after being spooked by visitors

  It was like something out of the "Fast and Furious,... but instead of Th [ ... ]

Read more la

La Entertain

Fish Leong divorces husband Tony Chao for dating internet babe

On 18 Aug 2019, it has been allegedly discovered that Malaysian songbird Fish Leong (41) has already [ ... ]

Read more la
Shawn Yue's son Xiao Yue with wife Sarah Wang seen for first time

Shawn Yue has been happily married since Dec 2017. He became a father in May 2018 - wa, shotgun! - h [ ... ]

Read more la
Jing Boran falls from 5m stage while filming The Climbers; Jackie Chan co-stars

On 12 Aug 2019, Jing Boran was filming on the set of "The Climbers"《攀登者》on a 5m high stage [ ... ]

Read more la
Irene Chen Ailing shows off seductive pregnancy curves of son with husband Alex; talks about miscarriage

Irene Chen Ai Ling shares seductive pregnancy curves with husband Alex; talks about miscarriage. &n [ ... ]

Read more la
BTS to take 'extended' break for the first time since debut

  K-pop sensation BTS are taking a break from all performances following a sle [ ... ]

Read more la
Jennifer Tse's undercover husband Mark unveiled for benefit of daughter little Ting Ting

On 8 Aug 2019, Jennifer Tse Tingting shares with us with a very very strong hint that the father to  [ ... ]

Read more la
Yao Yao shares 32E hourglass figure for birthday by the beach

9 Aug 2019 - Taiwanese celebrity Yao Yao recently celebrated her 29th birthday with her family and f [ ... ]

Read more la
Beatles fans mark 50 years since iconic Abbey Road photo

  Today marks the 50th anniversary of the Beatles' famous walk across Abbey Ro [ ... ]

Read more la