Over $1 billion given to low-income to buy HDB flats

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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.


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