{"id":37793,"date":"2016-12-12T11:58:19","date_gmt":"2016-12-12T04:58:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-sees-very-encouraging-response-for-proximity-housing-grant\/"},"modified":"2016-12-12T11:59:07","modified_gmt":"2016-12-12T04:59:07","slug":"hdb-sees-very-encouraging-response-for-proximity-housing-grant","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-sees-very-encouraging-response-for-proximity-housing-grant\/","title":{"rendered":"HDB sees very encouraging response for Proximity Housing Grant"},"content":{"rendered":"


\nThe Proximity Housing Grant aims to help Singaporeans buy resale flats near or with families.
\nThe 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 Channel NewsAsia.
\nOut of this amount, $82.6 million was offered to 4,315 households, while the rest will be disbursed after the completion of resale transactions.
\nThe scheme was introduced to help Singaporeans purchase a resale flat with or near their parents or children for mutual care and support.
\nEligible families enjoy a $20,000 grant to offset costs, while eligible singles will receive a $10,000 grant if they purchase a resale flat with their parents.
\n\u201cIt complements other measures to help Singaporeans buy a new HDB flat with or near their parents or married child, such as the Married Child Priority Scheme, Multi-Generation Priority Scheme, Senior Priority Scheme and the three-generation flats,\u201d said the HDB.
\nThe total number of applicants account for around a quarter of resale applications received from 24 August 2015 to 31 August 2016. Families make up 93 percent of all applicants, while the rest are singles.
\nAround 95 percent of the applicants purchased resale flats to live closer to or with their parents, while the other five percent are parents.
\nThe HDB revealed that flats bought under the scheme were distributed evenly across non-mature and mature estates.
\nNational Development Minister Lawrence Wong noted that the government recognises the desire of most Singaporeans to live near their families.
\n\u201cAt the Ministry of National Development, we will continue to support this aspiration and help strengthen family bonds in Singapore,\u201d he wrote in a Facebook post.
\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…HDB sees very encouraging response for Proximity Housing Grant<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Proximity Housing Grant aims to help Singaporeans buy resale flats near or with families....<\/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-37793","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\/p75ss1-9Pz","jetpack-related-posts":[{"id":103877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/20100-hdb-households-benefitted-from-proximity-housing-grant\/","url_meta":{"origin":37793,"position":0},"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":114325,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-has-disbursed-550-million-under-proximity-housing-grant\/","url_meta":{"origin":37793,"position":1},"title":"HDB has disbursed $550 million under Proximity Housing Grant","date":"February 17, 2020","format":false,"excerpt":"\r A total of 29,600 households have benefited from the grant.\u00a0 HDB 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. RELATED STORY:\u00a0HDB\u2019s Proximity Housing Grant (PHG): It\u2019s All About Familia Under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/budget-2018-govt-enhances-proximity-housing-grant-for-resale-flat-buyers\/","url_meta":{"origin":37793,"position":2},"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":79638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-spent-211m-to-help-families-live-closer-together\/","url_meta":{"origin":37793,"position":3},"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":112308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/age-requirement-for-housing-grants-adjusted-for-singaporeans-married-to-non-citizens\/","url_meta":{"origin":37793,"position":4},"title":"Age requirement for housing grants adjusted for Singaporeans married to non-citizens","date":"November 12, 2019","format":false,"excerpt":"\r The revised Non-Citizen Spouse Scheme now allows you to have more flexibility\u00a0in affording and choosing a home.\u00a0 Singaporeans aged 21 and above who are married to non-citizens or non-permanent residents can now have additional housing grants of up to $40,000 when they purchase a resale flat for the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant\/","url_meta":{"origin":37793,"position":5},"title":"Home buyers to enjoy higher income ceilings and enhanced housing grant","date":"September 11, 2019","format":false,"excerpt":"\r The income ceiling for executive condo buyers has is now raised\u00a0from $14,000 to $16,000, while Singles aged 35 and above will also enjoy a higher income cap of $7,000, up from $6,000. In a bid to provide more home buyers with affordable housing options, the government raised the income\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\/37793"}],"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=37793"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37793\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}