http://business.asiaone.com/Business/My+Money/Property/Story/A1Story20120731-362480.html
The Housing Development Board (HDB) today announced that it is enhancing the Special CPF Housing Grant (SHG) for first-timer households earning $1,500 and below.
Currently, these households can qualify for a SHG of $20,000 if they buy a 2-room standard flat in the non-mature estates from HDB.
This has been enhanced to allow these households to also receive SHGs of $20,000 when purchasing 3-room standard flats in non-mature estates.
The SHG is over and above the regular market subsidy for new flats.
HDB said in a statement to the press that the enhancement will expand the housing options available to low-income households who need more space, and can afford a larger flat, with the help of government subsidies.
This will take effect from the July BTO launch.
Together with the Additional CPF Housing Grant (AHG), households earning $1,500 and below can now receive total housing grants of $60,000 for the purchase of 2-room or 3-room standard flats in non-mature estates from HDB.
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