Every citizen has a fair share in the nation’s success, home ownership – Homes for all – PM Lee ( Singapore National Day Rally )


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by TODAY

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PM emphasised that home ownership has been and will continue to be an important way to share the fruits of our progress with all Singaporeans, and to level up the poor. PM said he will make sure every Singaporean working family can afford an HDB flat -a family today
  • earning $1,000 per month should be able to afford a 2-room flat;
  • $2,000 per month a 3-room flat;
  • and $4,000 per month a 4-room flat.
  • Flat prices will be kept affordable so that people can use mostly CPF to pay off their loans,
  • and have a 25 year loan instead of a 30 year loan.

Families in 2-room flats can look forward to more help to upgrade to 3-room flats later, as they improve their lives, through Step-Up Housing Grants. Lower- and middle-income households buying 3-room and 4-room flats for the first-time will also get more support – the Government will extend the existing Special CPF Housing Grant (SHG) to purchases of 4-room flats, extend it to middle-income households, and increase the SHG quantum.

PM: “We will always make sure that an HDB flat is always within reach – affordable and available to Singaporeans.”

‪#‎ndrsg‬

(Photo courtesy of SPH)
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