{"id":47147,"date":"2017-03-08T12:15:23","date_gmt":"2017-03-08T05:15:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-help-for-first-time-home-buyers-the-elderly\/"},"modified":"2017-03-08T12:18:49","modified_gmt":"2017-03-08T05:18:49","slug":"more-help-for-first-time-home-buyers-the-elderly","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-help-for-first-time-home-buyers-the-elderly\/","title":{"rendered":"More help for first-time home buyers, the elderly"},"content":{"rendered":"


\nFirst-time home buyers will now be able to get a flat earlier.
\nYoung couples looking to buy their first home can now look forward to shorter waiting time of two-and-a-half years, with construction of the first batch of 1,000 flats in non-mature estates to commence ahead of their launch in 2018.
\nThis was announced during the Ministry of National Development\u2019s Committee of Supply debate on Tuesday (7 March).
\nFirst-time buyers will also enjoy greater priority for these flats as 95 percent of the four-room and bigger flat types will be set aside for them, up from the previous quota of 85 percent in non-mature estates.
\nTo give those with urgent housing needs quicker access to flats, the HDB will also offer unsold balance flats at regular intervals via ballot, giving priority to first-time households. These flats will be offered in one common pool, with the first such exercise to be launched in the second half of this year.
\nMeanwhile, elderly flat buyers looking to right-size their home will be allowed to defer the down payment until the collection of keys to their new flat.
\nTo be implemented from May, the Deferred Downpayment Scheme (DDS) \u201cwill benefit homeowners aged 55 and above who are applying for a two-room Flexi or three-room flat in a Build-To-Order (BTO) or Sale of Balance Flats (SBF) exercise\u201d.
\nUnder the Temporary Loan Scheme (TLS), elderly buyers will also enjoy temporary loans, if they had not taken a housing loan for their new flat.
\nThe government noted that these schemes will help \u201cease the cash flow for elderly flat owners whose funds are tied up in their existing flat, and smoothen the right-sizing process\u201d.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More help for first-time home buyers, the elderly<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

First-time home buyers will now be able to get a flat earlier. Young couples looking...<\/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-47147","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-cgr","jetpack-related-posts":[{"id":44888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-encouraged-to-get-bto-flats-in-non-mature-estates\/","url_meta":{"origin":47147,"position":0},"title":"First-time buyers encouraged to get BTO flats in non-mature estates","date":"February 21, 2017","format":false,"excerpt":"\r Young couples have a better chance of getting a flat in a non-mature estate, as the application rates are lower. The Ministry of National Development (MND) has urged families looking to buy their first Build-to-Order (BTO) flat to apply for flats in non-mature estates, where they have a better\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121129,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-flats-under-married-child-priority-scheme-cannot-be-increased-says-mnd\/","url_meta":{"origin":47147,"position":1},"title":"Proportion of flats under Married Child Priority Scheme cannot be increased, says MND","date":"July 28, 2021","format":false,"excerpt":"\r Proportion of flats under Married Child Priority Scheme cannot be increased, says MNDA third of new flats located in mature estates are already set aside for the Married Child Priority Scheme. The Government sets aside a significant proportion of flats\u2014up to one-third of new flats within mature estates\u2014under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Tampines-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":76094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-bto-flat-buyers-in-mature-estate-are-first-timers\/","url_meta":{"origin":47147,"position":2},"title":"Most BTO flat buyers in mature estate are first-timers","date":"January 9, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenCourt BTO project. (Photo: HDB) On average, about 80 percent of people buying Build-to-Order (BTO) flats in mature estates from the Housing and Development Board (HDB) are first-timers, according to a written parliamentary reply from the Ministry of National Development on Monday (8 January).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/","url_meta":{"origin":47147,"position":3},"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":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":47147,"position":4},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-new-flats-in-mature-estates-may-boost-resale-prices\/","url_meta":{"origin":47147,"position":5},"title":"Strong demand for new flats in mature estates may boost resale prices","date":"July 26, 2021","format":false,"excerpt":"\r Strong demand for new flats in mature estates may boost resale pricesHowever, the popularity of public housing within mature estates is apparent for BTO flats only. The top five neighbourhoods for resale flats were a mixture of mature and non-mature estates. Some property experts believe the strong demand for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/New-HDB-flats-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47147"}],"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=47147"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47147\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}