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Over $1 billion given to low-income to buy HDB flats
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.straitstimes.com/breaking...flats-20130619 Over $1b given to low-income to buy HDB flats HDB flats in construction. More than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat. -- ST FILE PHOTO: SEAH KWANG PENG By Daryl Chin Property Correspondent MORE than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat. This has benefited close to 60,000 first-timer households since 2006, the Housing Board said in a statement to The Straits Times. There are two types of HDB housing grants available to citizens who earn less and whose needs are seen as greater when it comes to securing a permanent roof over their heads. For instance, the Additional Housing Grant (AHG), introduced in 2006, gives up to $40,000 if the applicant's household income is less than $1,500 a month. Click here to view the whole thread at www.sammyboy.com. |
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