{"id":122313,"date":"2021-10-01T02:32:45","date_gmt":"2021-09-30T19:32:45","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-late-payment-charges-suspended-further-until-31-december\/"},"modified":"2021-10-01T11:21:45","modified_gmt":"2021-10-01T04:21:45","slug":"hdb-late-payment-charges-suspended-further-until-31-december","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-late-payment-charges-suspended-further-until-31-december\/","title":{"rendered":"HDB late payment charges suspended further until 31 December"},"content":{"rendered":"


\nHDB late payment charges suspended further until 31 DecemberTo help \u201cease the burden\u201d of those who continue to face challenges due to the COVID-19 pandemic, the Housing and Development Board (HDB) will extend the suspension of late payment charges on mortgage and public rental arrears by another three months until 31 December this year, reported Channel News Asia (CNA).
\nIn a Facebook post, National Development Minister Desmond Lee noted that while the city-state\u2019s economy has been picking up gradually since the start of 2021, many Singaporeans are still recovering from the pandemic\u2019s impact.<\/p>\n

\u201cThe recent social restrictions continue to affect employment and livelihoods in some sectors,\u201d he said as quoted by CNA.
\n\u201cSome Singaporeans may need more time to get back on their feet.\u201d
\nThe suspension of late payment charges on mortgage and public rental arrears was first suspended in April 2020 for three months, before it was extended by another three months.
\nHDB extended it again by another six months until March this year and by another six months until 30 September.
\nThe latest extension will give homeowners and public rental tenants until the last day of 2021 to settle their late payment charges.
\nLee shared that HDB had extended various financial assistance to more than 7,000 households from April 2020 to August 2021.
\nDuring such period, around 5,500 households saw their rent reduced, said Minister of State for Home Affairs and National Development Muhammad Faishal Ibrahim.
\nHe pointed that HDB also has other measures aimed at helping households in need of more \u201ctargeted assistance\u201d like flat owners with HDB housing loans.
\n\u201cThese include deferred or reduced repayment schemes, or loan tenure extension to reduce the monthly instalments,\u201d said Associate Professor Faishal in a Facebook as quoted by CNA.
\nHDB can also reduce the rent for public rental tenants whose household income had declined, he said.
\nHomeowner who are on bank housing loans can \u201cexplore targeted assistance and restructuring solutions\u201d with their banks, added Associate Professor Faishal.
\nLee advised those in need of further help to find out more on the Housing Board\u2019s website.
\n\u201cI hope these measures will help to ease your financial difficulties, and give you space and time to stabilise your financial situation,\u201d he said.
\nEugenia Liew, Senior Digital Content Specialist at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0eugenialiew@propertyguru.com.sg.\u00a0
\n\u00a0
\nImage source: HDB\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB late payment charges suspended further until 31 December<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB late payment charges suspended further until 31 DecemberTo help \u201cease the burden\u201d of those...<\/p>\n","protected":false},"author":1,"featured_media":122314,"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-122313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/hdb-mnd-mortgage-rental-arrears-relief-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vON","jetpack-related-posts":[{"id":120449,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-to-help-families-with-900mil-household-support-package\/","url_meta":{"origin":122313,"position":0},"title":"Government to help families with $900mil Household Support Package","date":"February 17, 2021","format":false,"excerpt":"\r Government to help families with $900mil Household Support PackageGiven out every three months, the GST Voucher \u2013 U Save rebates help HDB households with their utility bills. 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