The Proximity Housing Grant, introduced last year to encourage families to live closer, is given to Singapore citizen families who buy a resale flat with or near their parents or married child. There were 2,100 families and 240 single who received the Proximity Housing Grant since it was introduced in August last year, HDB told The Straits Times.
The grant quantum is $10,000 for eligible singles who buy a resale flat to live in with their parents. More Singaporeans have become newly eligible for flats and housing grants since the Government tweaked several housing policies last year.
The household income ceilings to buy resale flats using the CPF Housing Grant and new HDB flats, for instance, were raised. The ceiling for families was lifted from $10,000 to $12,000, while the ceiling for singles went from $5,000 to $6,000. As a result, an additional 3,700 families and 800 singles became newly eligible to buy a new flat from HDB or a resale flat with the CPF Housing Grant, HDB said.
The Special CPF Housign Grant was also enhanced from the November 2015 flat launches to help lower and middle income households afford their first home. The household income ceilign for grant eligibility was raised from $6,500 to $8,500 for families and from $3,250 to $4,250 for singles. The maximum grant amount was doubled to $40,000 for families and $20,000 for singles.
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