






{"id":11186,"date":"2021-02-24T13:22:13","date_gmt":"2021-02-24T06:22:13","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=11186"},"modified":"2021-06-04T16:04:06","modified_gmt":"2021-06-04T09:04:06","slug":"singaporean-families-in-public-rental-homes-are-now-homeowners","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/singaporean-families-in-public-rental-homes-are-now-homeowners\/","title":{"rendered":"Singaporean families in public rental homes are now homeowners"},"content":{"rendered":"<p><span data-contrast=\"none\">The Housing and Development Board has offered help through various housing schemes<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_11190\" aria-describedby=\"caption-attachment-11190\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-11190\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_144120595.jpg\" alt=\"\" width=\"1000\" height=\"692\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_144120595.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_144120595.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_144120595.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_144120595.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_144120595.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-11190\" class=\"wp-caption-text\">DonatasDabravolskas\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">As\u00a0<\/span><span data-contrast=\"none\">reported<\/span><span data-contrast=\"none\">\u00a0by <a href=\"https:\/\/www.straitstimes.com\/singapore\/housing\/4600-public-rental-flat-families-became-hdb-home-owners-over-the-past-five-years\" target=\"_blank\" rel=\"noopener noreferrer\">The Straits Times<\/a>, around 4,600 public rental-flat families have become owners of Housing and Development Board (HDB) homes throughout <\/span><span data-contrast=\"none\">the past five years via\u00a0<\/span><span data-contrast=\"none\">numerous housing grants and schemes.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">By 2023, HDB is aiming to provide flats to approximately 1,000 more families.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">According to the statutory board, <\/span><span data-contrast=\"none\">three in four among the 4,600 households directly bought a flat from them, while the rest purchases a resale flat on the open market. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">About two-thirds of the families used housing grants such as the Enhanced CPF Housing Grant (EHG), which <\/span><span data-contrast=\"none\">distributes up to SGD80,000 (USD60615.26<\/span><span data-contrast=\"none\">) in grants to eligible buyers.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Others had drawn on the Additional CPF Housing Grant (AHG) and Special CPF Housing Grant (SHG), which dispensed up to SGD40,000 in grants each. <\/span><span data-contrast=\"none\">However, EHG has now replaced these two grants.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The Fresh Start housing scheme allows families with at least one child below 18 years old<\/span><span data-contrast=\"none\">,<\/span><span data-contrast=\"none\"> who live in public rental flats and have <\/span><span data-contrast=\"none\">bought a\u00a0<\/span><span data-contrast=\"none\">subsidised<\/span><span data-contrast=\"none\">\u00a0flat before,<\/span><span data-contrast=\"none\">\u00a0to also buy a two-room flexi flat.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Currently, there are\u00a0nearly 50,000 households living in public rental flats.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">By 2023, about 1,000 rental households who have been\u00a0evaluated in advance for potential in purchasing a flat will be contacted by the HDB\u2019s Home Ownership Support Team (HST) via roadshows, phone calls, etc.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">HDB takes into consideration factors, such as the household\u2019s ability to afford a flat and income stability when making such evaluations. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As of 2020, the team has contacted 654 rental families. They will continue to track the progress of the remaining households and help them as much as possible. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/australias-housing-market-booming-but-from-massive-debts\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Australia\u2019s housing market booming, but from \u2018massive\u2019 debts<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Technician\u00a0<\/span><span data-contrast=\"none\">Jumali<\/span><span data-contrast=\"none\">\u00a0Remin is among the 4,600 families who are now owners of a Housing Board flat.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cInitially, we were a little hesitant on whether we can afford a two-room flat, but after working out our finances and\u00a0<\/span><span data-contrast=\"none\">budget<\/span><span data-contrast=\"none\"> with the team, we were glad to learn that we could afford one,\u201d Remin said. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cHaving lived in a two-room rental flat for close to a decade, we never\u00a0<\/span><span data-contrast=\"none\">imagined<\/span><span data-contrast=\"none\">\u00a0that we would one day be able to own a flat&#8230; It was something we have dreamt about for a long time and to see it finally\u00a0<\/span><span data-contrast=\"none\">materialise<\/span><span data-contrast=\"none\">\u00a0is one of the happiest moments of our lives,\u201d he concluded.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Housing and Development Board has offered help through various housing schemes\u00a0<\/p>\n","protected":false},"author":12,"featured_media":21036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1120,650,1119,110],"class_list":["post-11186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-grants","tag-housing-market","tag-rental-flats","tag-singapore","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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