{"id":104727,"date":"2019-03-06T11:48:15","date_gmt":"2019-03-06T04:48:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-support-for-rental-flat-dwellers-to-become-homeowners\/"},"modified":"2019-03-06T12:03:27","modified_gmt":"2019-03-06T05:03:27","slug":"more-support-for-rental-flat-dwellers-to-become-homeowners","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-support-for-rental-flat-dwellers-to-become-homeowners\/","title":{"rendered":"More support for rental flat dwellers to become homeowners"},"content":{"rendered":"


\nThe new Homeownership Support Team will assist tenants in handling homeownership policies and processes.
\nHouseholds living in HDB rental flats can look forward to getting stronger and personalised support from the Housing Board, which plans to create a team dedicated to helping such families become homeowners, reported Channel NewsAsia.
\n\u201cWe agree that public rental should only be temporary for tenants who are work-capable.\u201d Hence, the government is increasing support to help tenants become homeowners, said Senior Parliamentary Secretary for National Development Sun Xueling on Tuesday (5 Mar).
\nCan you afford an HDB flat? Check your\u00a0affordability\u00a0now.
\nTo be established later this year, the Homeownership Support Team (HST) will assist tenants in handling homeownership policies and processes. The help on offer may include guiding them through the transaction, help in choosing a home that can meet their budget and needs, as well as monitoring cases to ensure households get their keys.
\nThe support team aims to help 1,000 families in the next four to five years, said a HDB representative, adding that the agency currently counsels tenants to consider buying a flat instead of renting one when they renew their tenancy.
\nMoreover, Sun revealed that HDB gained a \u201cbetter understanding\u201d on how to provide better assistance to tenants thanks to the Fresh Start Housing Scheme, whereby families can obtain a grant of up to $35,000. Implemented in 2016, this programme assists second-timer rental families with kids purchase a two-room flat.
\n\u201cWe have learnt that having someone to consult, and more importantly, to provide the human touch, is important for our tenants.\u201d
\nFor example, some families needed advice on budgeting to be able to buy a flat, while others said they were grateful for the face-to-face support provided by the Fresh Start team.
\nIn February, Sun noted that 74 families enrolled in the scheme, of which five have already collected the keys to their flats.
\n\u201cThese numbers may seem small, but for those who benefit from the scheme, the help provided means a lot and we want them to succeed in their home ownership journey,\u201d she explained.
\nSun added that the number of rental households moving up the property ladder has increased steadily over the last few years, with around 1,300 rental households successfully levelling up to homeownership in 2018.
\nLearn how to get your own BTO flat from application to key collection with\u00a0PropertyGuru.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More support for rental flat dwellers to become homeowners<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The new Homeownership Support Team will assist tenants in handling homeownership policies and processes. Households...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104727","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rf9","jetpack-related-posts":[{"id":103875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3500-rental-tenants-purchased-first-home-since-2013\/","url_meta":{"origin":104727,"position":0},"title":"3,500 rental tenants purchased first home since 2013","date":"February 11, 2019","format":false,"excerpt":"\r These rental flat tenants were able to buy their new homes with the help of HDB housing grants. About 3,500 rental flat tenants bought their first home in the Build-to-Order (BTO) or Sale of Balance Flats (SBF) exercises since 2013, of which some 2,000 have moved into their new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/about-4600-rental-tenants-acquired-their-first-homes-with-help-of-housing-grants\/","url_meta":{"origin":104727,"position":1},"title":"About 4,600 rental tenants acquired their first homes with help of housing grants","date":"February 8, 2021","format":false,"excerpt":"\r About 4,600 rental tenants acquired their first homes with help of housing grantsIn the past five years, more than half of the 4,600 rental households purchased a three-room flat while around a quarter bought a four-room flat. The HDB support team targets to reach out to 1,000 rental households\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/older-hdb-flats-still-in-demand.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":80332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3000-public-rental-tenants-purchased-their-first-home-hdb\/","url_meta":{"origin":104727,"position":2},"title":"3,000 public rental tenants purchased their first home: HDB","date":"February 19, 2018","format":false,"excerpt":"\r Most of the tenants opted to purchase 2-room Flexi and 3-room flats. Thanks to the Housing and Development Board\u2019s (HDB) various housing grants, about 3,000 rental flat tenants were able to acquire their first home in the Build-To-Order (BTO) or Sales of Balance Flats (SBF) exercises between 2013 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singles-can-apply-on-their-own-under-new-rental-flat-scheme\/","url_meta":{"origin":104727,"position":3},"title":"Singles can apply on their own under new rental flat scheme","date":"December 20, 2021","format":false,"excerpt":"\r Singles can apply on their own under new rental flat schemeUnder the new rental flat scheme, singles can apply for a public flat individually; an appointed operator will then match them with another tenant, based on similarities. Singles who want to apply for a public rental flat need not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/hdb-facade.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/almost-50-of-public-rental-tenants-previously-owned-hdb-flats\/","url_meta":{"origin":104727,"position":4},"title":"Almost 50% of public rental tenants previously owned HDB flats","date":"January 15, 2019","format":false,"excerpt":"\r Many public rental tenants struggle to afford a flat due to medical issues, divorce or loss of employment. Over the past two years, an average of around 7,300 households have applied for rental flats each year, revealed the Ministry of National Development in Parliament on Monday (14 Jan). \u201cHDB\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120545,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/about-4800-vacant-rental-flats-available-for-allocation-to-new-tenants\/","url_meta":{"origin":104727,"position":5},"title":"About 4,800 vacant rental flats available for allocation to new tenants","date":"July 7, 2021","format":false,"excerpt":"\r However, successful applicants will have to face longer waiting times of about six months, compared to an average of three months during the last five years as sprucing works have slowed down due to manpower crunch.\u00a0 The Housing and Development Board (HDB) has about 4,800 vacant rental flats available\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Tampines.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104727"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104727"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104727\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}