Given the recent excessive demand for homes in Singapore, even first-time applicants are having a harder time securing a BTO flat for themselves despite the extra balloting chances given to them. That’s when most couples, especially those who cannot wait any longer to have a home, would turn to resale flats. Resale flats are pretty much perfect in everything .
All hail HDB’s Proximity Housing Grant (PHG) the government’s way of encouraging Singaporeans to stay close to their families and maintain a robust intergenerational support system! Here’s the basics about the PHG. The PHG is a CPF housing grant of up to $30,000, and it’s for buying HDB resale flats only. Two types of buyers can benefit: Those who.
You might already know that there are various housing grants for couples to offset the cost of buying a new flat, be it an HDB BTO flat or HDB resale flat. But it can be confusing trying to figure out which grant you're eligible for, with different eligibility criteria and all. So here's our quick-and-easy guide and infographic to help.
If you’re buying an HDB flat in Singapore for the first time, you’re just beginning to realise how much it costs to live in what is essentially a tiny space in the sky. Fortunately there are HDB grants to help those of us who aren’t exactly rolling in cash. HDB grants are technically CPF housing grants, since they are disbursed.