{"id":110072,"date":"2019-08-21T09:32:48","date_gmt":"2019-08-21T02:32:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-hdb-buyers-to-get-more-help-wong\/"},"modified":"2019-08-21T10:02:56","modified_gmt":"2019-08-21T03:02:56","slug":"first-time-hdb-buyers-to-get-more-help-wong","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-hdb-buyers-to-get-more-help-wong\/","title":{"rendered":"First-time HDB buyers to get more help, Wong"},"content":{"rendered":"


\nMinister for National Development Lawrence Wong revealed in a Facebook post that his ministry and the Housing and Development Board (HDB) have been exploring ways on how they can further help first-time buyers.
\nThe authorities will unveil new measures aimed at providing more help to first-time buyers of new and resale Housing Board flats next month.
\nThis comes as Minister for National Development Lawrence Wong revealed in a Facebook post that his ministry and the Housing and Development Board (HDB) have been exploring ways on how they can further help first-time buyers.
\nHe noted that the quarterly HDB sales exercise set to be held this month had been moved to next month to enable more home buyers to benefit from the changes.
\nAbout 3,350 flats in Tampines and Punggol will be offered in the next Build-to-Order exercise, reported The New Paper.
\nThe authorities have rolled out several policy changes in recent years to help home buyers.
\nFrom 2017, the housing grants for resale flats have been increased to up to $50,000 from up to $30,000 previously.
\nIn 2018, HDB also allowed young couples, including national servicemen and undergraduates aged at least 21, to apply for grants for the earlier purchase of flats, instead of placing such plans in the back burner due to lack of income history.
\nIt also introduced flats with shorter waiting times of around 2 \u00bd years, down from the usual three to four years.
\n\u201cThese changes have improved housing affordability and helped young families to secure their own homes earlier,\u201d said Wong.
\nOrangeTee & Tie research head Christine Tun, however, noted that younger buyers may find it hard to purchase older flats following changes to the amount of CPF money that could be used for such homes.
\n\u201cThis could be relooked as some of these young people may like to stay near their parents in mature estates or prefer to stay near the downtown area,\u201d she said.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…First-time HDB buyers to get more help, Wong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Minister for National Development Lawrence Wong revealed in a Facebook post that his ministry and...<\/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-110072","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-sDm","jetpack-related-posts":[{"id":113092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/","url_meta":{"origin":110072,"position":0},"title":"Up to 17,000 BTO flats to launch next year: Lawrence Wong","date":"December 16, 2019","format":false,"excerpt":"\r This is to meet the additional demand for houses after key policy changes.\u00a0 National Development Minister Lawrence Wong revealed that HDB will be launching 16,000 to 17,000 Build-To-Order (BTO) flats next year to meet additional demand after the roll-out of key policy changes this year, reported The Straits Times.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flat-sellers-restricted-by-ethnic-integration-policy-may-get-extension-wong\/","url_meta":{"origin":110072,"position":1},"title":"HDB flat sellers restricted by ethnic integration policy may get extension, Wong","date":"January 10, 2018","format":false,"excerpt":"\r Owners of Housing and Development Board (HDB) flats who are finding it hard to dispose of their units due to the ethnic integration policy (EIP) can ask for an extension of time, revealed Minister for National Development Lawrence Wong in Parliament on Tuesday (9 December). \u201cFor those who are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-maintain-a-steady-supply-of-flats-next-year-wong\/","url_meta":{"origin":110072,"position":2},"title":"HDB to maintain a steady supply of flats next year, Wong","date":"December 15, 2017","format":false,"excerpt":"\r The Housing and Development Board (HDB) will keep a steady supply of around 17,000 new flats in 2018, comparable to the 17,584 flats launched this year, revealed Minister for National Development Lawrence Wong. \u201cWe will continue to calibrate our flat supply carefully, taking into account underlying demand and the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96393,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lease-buyback-scheme-to-be-extended-to-all-hdb-flats\/","url_meta":{"origin":110072,"position":3},"title":"Lease buyback scheme to be extended to all HDB flats","date":"August 21, 2018","format":false,"excerpt":"\r Elderly owners of large Housing and Development Board (HDB) flats can look forward to monetising their flat by selling part of their remaining lease to the government. \u00a0This comes as the Lease Buyback Scheme (LBS) will now be extended to all HDB flats, including five-room and bigger units, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shorter-waiting-time-to-book-hdb-flats\/","url_meta":{"origin":110072,"position":4},"title":"Shorter waiting time to book HDB flats","date":"February 8, 2019","format":false,"excerpt":"\r Flat buyers can now book unsold units from the Re-Offer of Balance Flats pool at any time of the year. Home buyers can look forward to shorter waiting times to book HDB flats as the government has unveiled a new scheme to secure a flat. It allows flat buyers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/enhanced-housing-grant-to-boost-demand-for-hdb-resale-flats\/","url_meta":{"origin":110072,"position":5},"title":"Enhanced housing grant to boost demand for HDB resale flats","date":"September 11, 2019","format":false,"excerpt":"\r The new housing grant, streamlines two existing grants and comes with a higher wage ceiling. It also removed restriction on the location and type of flats being purchased. Analysts expect the Enhanced Central Provident Fund (CPF) Housing Grant unveiled on Tuesday (10 September) to further boost demand in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110072"}],"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=110072"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}