24 Aug '15, 8am

Government is giving $20k grant for staying near parents or married child. Also, higher income ceilings for HDB...

Government is giving $20k grant for staying near parents or married child. Also, higher income ceilings for HDB...

HDB and MND have just announced a $20k grant with relatively few restrictions — Proximity Housing Grant (PHG). The PHG grant is to help Singaporeans buy a resale flat, with or near their parents or married child. Starting immediately, all Singapore citizen families who buy a resale flat to live with or near their parents or married child will receive a PHG “stay near parent grant ” of $20k. This PHG grant has NO income ceiling and is given over and above all the other existing grants. See the following table: Eligible singles will also enjoy a PHG of $10k (with similarly few restrictions) if they buy a resale flat with their parents. For eligibility conditions and other details, please refer to this HDB Proximity Housing Grant page . High Income Ceilings Also announced in the same press release are changes to the income ceilings for citizen households buying HDB flats (new...

Full article: http://www.salary.sg/2015/hdb-proximity-housing-grant-phg...

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