{"id":114325,"date":"2020-02-17T10:58:20","date_gmt":"2020-02-17T03:58:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-has-disbursed-550-million-under-proximity-housing-grant\/"},"modified":"2020-02-17T11:08:05","modified_gmt":"2020-02-17T04:08:05","slug":"hdb-has-disbursed-550-million-under-proximity-housing-grant","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-has-disbursed-550-million-under-proximity-housing-grant\/","title":{"rendered":"HDB has disbursed $550 million under Proximity Housing Grant"},"content":{"rendered":"


\nA total of 29,600 households have benefited from the grant.\u00a0
\nHDB has disbursed $550 million to a total of 29,600 households under the Proximity Housing Grant (PHG) scheme, which was introduced in August 2015, reported The Straits Times.
\nRELATED STORY:\u00a0HDB\u2019s Proximity Housing Grant (PHG): It\u2019s All About Familia
\nUnder the scheme, first-timer families or singles who acquire a resale flat within four kilometres of their child\u2019s or parents\u2019 home will receive $20,000 and $10,000, respectively.
\nFamilies or singles who purchase a resale flat in order to live with their parents or children receive a higher grant of $30,000 and $15,000, respectively.
\nOut of the 30,100 applicants for the scheme, about 4,500 families and singles have put up home within the same HDB flat as their children or parents in the past four years.
\nHDB data showed that the figure represented a third of the 96,800 who registered from 24 August 2015 to 31 December 2019 for resale flats.
\nMeanwhile, HDB revealed that it has received 26,500 applications for new flats from first-time buyers in the last four months of 2019.
\nOf those applications, about 80% or 20,800 households were qualified for HDB\u2019s Enhanced CPF Housing Grant (EHG), which replaces the former Additional CPF Housing Grant as well as the Special CPF Housing Grant.
\nRELATED STORY: HDB\u2019s New Enhanced CPF Housing Grant (EHG) and Higher Income Ceilings: What You Need to Know
\nHDB also registered about 7,300 resale flat applications from 11 September to 31 December 2019, half of which come from first-time buyers. Nearly all applicants were qualified for the EHG.
\nFor Sandra Tan and her 32-year old fiance Ang Shouchen, the grants helped during their search for a home.
\nThe couple turned to the resale market after several failed attempts to buy a Build-To-Order (BTO) unit due to high demand.
\nResale flats offered them a quicker way to home ownership, and the grants for Tan\u2019s case were higher compared to those for a BTO flat.
\nTan eventually purchased a four-room resale flat in Choa Chu Kang, near Ang\u2019s parents \u2013 benefiting from a total of $90,000 in housing grants, which consist of a CPF Housing Grant of $50,000, a $20,000 PHG and $20,000 EHG.
\nHuttons director of research Lee Sze Teck noted that PHG was a \u201cvery good\u201d social policy since it encourages families to live closer to provide support to one another.
\nAside from being an \u201cencouraging sign\u201d, the large number of singles looking to reside near their parents indicates that the PHG scheme is achieving its aims, added Nicholas Mak, head of research and consultancy at ERA Realty.
\nHowever, Mak believes HDB could provide families with more options by going beyond the four-kilometer radius, albeit it could lead to problems.
\n\u201cIf you widen it, it will make more households eligible (for the scheme), but it will also weaken family ties. People will end up living in a totally different town and have transport problems,\u201d he admitted.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\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…HDB has disbursed 0 million under Proximity Housing Grant<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 29,600 households have benefited from the grant.\u00a0 HDB has disbursed $550 million...<\/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-114325","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-tJX","jetpack-related-posts":[{"id":80346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/budget-2018-govt-enhances-proximity-housing-grant-for-resale-flat-buyers\/","url_meta":{"origin":114325,"position":0},"title":"Budget 2018: Govt enhances proximity housing grant for resale flat buyers","date":"February 19, 2018","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-sees-very-encouraging-response-for-proximity-housing-grant\/","url_meta":{"origin":114325,"position":1},"title":"HDB sees very encouraging response for Proximity Housing Grant","date":"December 12, 2016","format":false,"excerpt":"\r The Proximity Housing Grant aims to help Singaporeans buy resale flats near or with families. The Housing and Development Board\u2019s (HDB) Proximity Housing Grant has received a very encouraging response, with 5,217 households applying for the scheme as at 31 August, involving a total grant of $100.8 million, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81880,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3330-singles-collected-keys-to-their-new-flats\/","url_meta":{"origin":114325,"position":2},"title":"3,330 singles collected keys to their new flats","date":"March 5, 2018","format":false,"excerpt":"\r Prior to 2013, singles were only allowed to acquire flats on the resale market. Since the easing of rules on singles in 2013, 3,300 of the 12,000 singles that have applied for new two-room flats in non-mature estates have collected the keys to their new flats as at end-January\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/20100-hdb-households-benefitted-from-proximity-housing-grant\/","url_meta":{"origin":114325,"position":3},"title":"20,100 HDB households benefitted from Proximity Housing Grant","date":"February 11, 2019","format":false,"excerpt":"\r This figure is almost double the 11,000 households that enjoyed the initiative from 2015 to 2017.\u00a0 Around 20,100 households have benefited from the Proximity Housing Grant as of end-2018 since the scheme was introduced in 2015, reported Channel NewsAsia, citing data released by the Housing Board on Friday (8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-spent-211m-to-help-families-live-closer-together\/","url_meta":{"origin":114325,"position":4},"title":"Govt spent $211m to help families live closer together","date":"February 12, 2018","format":false,"excerpt":"\r The Proximity Housing Grant has helped 11,000 families buy resale HDB flats close to their parents or married children. The Housing and Development Board (HDB) revealed on Sunday (11 February) that it has given out a total $211 million worth of Proximity Housing Grants since the scheme was implemented\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-more-two-room-flats-in-may-and-august-sale-exercises\/","url_meta":{"origin":114325,"position":5},"title":"HDB to offer more two-room flats in May and August sale exercises","date":"February 25, 2020","format":false,"excerpt":"\r The upcoming BTO exercises in Tengah, Choa Chu Kang and Woodlands will offer more two-room flats for singles 35 years old and above.\u00a0 HDB will offer more two-room Build-To-Order (BTO) flats in Tengah, Choa Chu Kang and Woodlands as more singles acquire homes following a rule change in 2013,\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\/114325"}],"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=114325"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114325\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}