SINGAPORE — Families with children as well as married couples aged 40 and below looking to secure their first home will receive additional support as part of this year's Budget, announced Deputy Prime Minister Lawrence Wong on Tuesday (Feb 14).
SINGAPORE — Families with children as well as married couples aged 40 and below looking to secure their first home will receive additional support as part of this year's Budget announced Deputy Prime Minister Lawrence Wong on Tuesday .
He added that the Housing and Development Board already sets aside"the bulk of its BTO flat supply" for first-timer families, who are given priority for flat applications. To meet the increased demand, BTO flats supply have been ramped up by 35 per cent in 2022, while 23,000 flats will be launched this year, they added.
In their statement, MND and HDB said they will introduce a new sub-category of first-timers comprising families with children, and young married couples aged 40 years and below, who are buying their first home. To help first-timer families, he said, the CPF Housing Grants will be increased depending on flat types purchased, with those buying smaller flats receiving more in grants.
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