HDB launches 2-room flats in non-mature estates for eligible singles
HDB launched on Tuesday the first batch of two-room flats reserved for eligible singles.
In March this year, HDB announced that single Singaporeans -- those who earn up to S$5,000 per month and are 35 years and above – would be able to buy a new two-room standard flat in non–mature estates directly from HDB in July.
Up to 30 per cent of the 519 new two-room flats in Sengkang and Yishun, which are offered in the July Build-To-Order (BTO) exercise, can be bought by singles.
Previously, eligible singles can only buy resale flats of any size and in any location.
Taking reference from the resale policy for singles, those who apply for these new flats under the Joint Singles Scheme (JSS) 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.
The government will also extend the Additional CPF Housing Grant (AHG) to singles buying a resale flat in the open market.
The AHG will be up to S$20,000 for those who apply under the SSC and up to S$40,000 for those who apply under the JSS. These will be on top of the CPF Housing Grant that they would already be getting.
Higher income ceiling for 2-room flats in non-mature estates
HDB also announced that the monthly household income ceiling for families for two-room flats in non-mature estates will be increased from S$2,000 to S$5,000.
They said this is to give more families the option to buy such flats.
HDB launched a total of 3,861 flats for sale in Bukit Merah, Sengkang, and Yishun under the latest BTO exercise.
Applications for these new flats can be made online at the HDB InfoWEB from Tuesday to next Monday.
Related stories:
New measures for above-35 singles to buy selected HDB flats: Khaw
New 2-room flats small, but offer flexible design
Will the Sea Change in HDB Policy Drag Property Prices Down?
