HDB launches more than 500 two-room flats, Single Singaporean can apply.

HDB BTO BuildingThe Housing Board has launched more than 500 two-room flats, up to a third of which will be reserved for singles. The bulk of these new flats in the Build-To-Order (BTO) exercise will be built in Sengkang and Yishun.

The Housing Board has introduced several initiatives help singles get their dream homes in recent years and this is the first time that a BTO project will offer units just for them. Previously, singles aged 35 and above could only get their HDB homes from the resale market, with a grant of $15,000. This group can now apply for new flats under the BTO scheme.

HDB will also now top up an additional $15,000 grant to singles who marry later, putting them on par with married couples who receive $30,000, starting with this latest BTO project.

The government has also extended the additional housing grant – up to $20,000 – for singles buying a resale flat from the open market. This is aimed at helping more singles buy their first flat, said the HDB in a statement on Tuesday.

Source – http://www.straitstimes.com

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5 responses

  1. […] There is a total of close to 20000 applications made in this round of BTO exercise, which calculated to 4.9 applicants fighting for 1 units. The exercise, which closed at midnight on 5/8/2013, was the first time singles aged 35 and over could apply for new flats. […]

  2. […] HDB launches more than 500 two-room flats, Single Singaporean can apply. (paulngproperty.wordpress.com) […]

  3. […] HDB launches more than 500 two-room flats, Single Singaporean can apply. (paulngproperty.wordpress.com) […]

  4. […] HDB launches more than 500 two-room flats, Single Singaporean can apply. (paulngproperty.wordpress.com) […]

  5. […] HDB launches more than 500 two-room flats, Single Singaporean can apply. (paulngproperty.wordpress.com) […]

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