{"id":120222,"date":"2021-02-08T02:57:11","date_gmt":"2021-02-07T19:57:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/about-4600-rental-tenants-acquired-their-first-homes-with-help-of-housing-grants\/"},"modified":"2021-02-08T11:28:07","modified_gmt":"2021-02-08T04:28:07","slug":"about-4600-rental-tenants-acquired-their-first-homes-with-help-of-housing-grants","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/about-4600-rental-tenants-acquired-their-first-homes-with-help-of-housing-grants\/","title":{"rendered":"About 4,600 rental tenants acquired their first homes with help of housing grants"},"content":{"rendered":"


\nAbout 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 by 2023.
\nAbout 4,600 households in public rental flats have acquired their first Housing and Development Board (HDB) flats in the past five years with the help of various housing schemes and grants.
\nAmong the rental tenants, three in four purchased a flat directly from HDB while the rest acquired a resale flat from the open market, reported TODAY citing the HDB.
\nMore than half of the rental households purchased a three-room flat while around a quarter bought a four-room flat.
\nAbout two-thirds of the rental tenants acquired a flat with the help of housing grants like the Special CPF Housing Grant (SHG) and the Additional CPF Housing Grant (AHG), which gave up to $40,000 each.
\nRecommended article:\u00a0HDB Grant: Should You Take It to Buy an HDB Flat?
\nOthers tapped the Enhanced CPF Housing Grant, which was introduced in September 2019 and provides up to $80,000 in financial support, said TODAY
\nIn 2019, the HDB set up a support team \u2013 known as the Home Ownership Support Team \u2013 targeted at providing more personalised and dedicated support for rental tenants looking to acquire their first homes.
\nThe officers in the team guide rental tenants through the buying process, from the planning stage to the collection of keys.
\nThe officers, among other things, explain the housing policies as well as the grants and assistance schemes available. They also help rental tenants work out a housing budget and options for their acquisition.
\nSuggested read:\u00a0Singapore HDB Resale Flat Price Guide (2021)
\nAs of 31 December 2020, the team has reached out to 654 tenants, of which 50 have already booked a flat and 27% or 177 households have been assessed to be ready to purchase a flat over the next one to two years.
\nHDB revealed that the rest of the household are still in the assessment process and are not yet ready to apply for a flat in the near term.
\nIt added that they will continue to track the remaining households\u2019 progress and help them acquire their own home, where feasible.
\nThe support team targets to reach out to 1,000 rental households by 2023, who have been preliminarily assessed to be ready to purchase a flat.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…About 4,600 rental tenants acquired their first homes with help of housing grants<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

About 4,600 rental tenants acquired their first homes with help of housing grantsIn the past...<\/p>\n","protected":false},"author":1,"featured_media":120223,"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-120222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"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","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vh4","jetpack-related-posts":[{"id":80332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3000-public-rental-tenants-purchased-their-first-home-hdb\/","url_meta":{"origin":120222,"position":0},"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":103875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3500-rental-tenants-purchased-first-home-since-2013\/","url_meta":{"origin":120222,"position":1},"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":121123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-malay-households-living-in-one-two-room-flats\/","url_meta":{"origin":120222,"position":2},"title":"More Malay households living in one-, two-room flats","date":"July 28, 2021","format":false,"excerpt":"\r More Malay households living in one-, two-room flatsSome reasons explaining why more Malay households were living in smaller flats included\u00a0young families who needed interim housing while trying to acquire their own flat or families who have financial difficulties. The Census of the Population 2020 showed that the proportion of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/older-hdb-flats-still-in-demand.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":120222,"position":3},"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":59699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-rental-flat-rates-depend-on-household-status\/","url_meta":{"origin":120222,"position":4},"title":"HDB rental flat rates depend on household status","date":"July 4, 2017","format":false,"excerpt":"\r \u00a0 The monthly cost of flats under the Public Rental Scheme of the Housing and Development Board (HDB) is subsidised to provide affordable shelter to Singaporean households who need them the most, according to the Ministry of National Development. \u201cMore than half of HDB\u2019s rental households pay basic rents,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104727,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-support-for-rental-flat-dwellers-to-become-homeowners\/","url_meta":{"origin":120222,"position":5},"title":"More support for rental flat dwellers to become homeowners","date":"March 6, 2019","format":false,"excerpt":"\r The new Homeownership Support Team will assist tenants in handling homeownership policies and processes. Households 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.\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\/120222"}],"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=120222"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120223"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}