Property News · February 19, 2018

Budget 2018: Govt enhances proximity housing grant for resale flat buyers


Families buying a HDB resale flat to live with their parents or married children will now enjoy an enhanced PHG of $30,000.
In his Budget 2018 speech on Monday (19 February), Finance Minister Heng Swee Keat announced several new enhancements to the Proximity Housing Grant (PHG) to help Singaporeans looking to live with or near their loved ones.
Those buying a HDB resale flat to live with their parents or married children will now enjoy an enhanced PHG of $30,000. A PHG of $20,000 will continue to be offered to families buying a resale flat to live near their parents or children.
At the same time, eligible singles who buy a resale flat to live with their parents will now receive a PHG of $15,000. Those who buy a unit to live near their parents will receive a PHG of $10,000.
The government will also revise the criteria for the PHG to within 4km, up from 2km previously.
 
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

Source : proppertyguru.com.sg/Property Market
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