Aug 18, 2013

of ndr 2013: housing

Updates from Today.

We built record number of new flats, delinked new flat prices from resale market and allowed singles to buy BTO. We want to help Singaporeans own their own homes, raise loving families and build strong communities. I will make sure every Singaporean family who is working can afford a HDB flat. We can do that.

A family earning $1,000 can afford a 2-room flat. Those who earn $2,000 can buy 3-room flat. And those who earn S$4,000 can afford a 4-roomm flat if they use their CPF to pay off 25-year loan. We will give families who can afford 2-room flats Step-Up Housing Grants to help them upgrade to 3-room flats. We will also extend grants so that a middle-income household will get up to S$20,000 more if they buy a 4-room flat.

We will monitor housing affordability closely and make sure that an HDB flat is always within reach.

ND Rally: More grants to help low-income households own their homes

A compilation and summary of PM Lee's National Day Rally 2013 Speech from his Facebook account, covering topics such as home ownership, healthcare, and education.


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