The government handed out S$322 million to eligible households under the Additional Housing Grant (AHG) Scheme since it was enhanced two years ago. The grant can be used to buy either a new flat from the Housing & Development Board (HDB) or a resale flat from the open market. In fresh figures released to Channel NewsAsia, HDB said 16,100 households have benefited since the changes. But with growing...
Additional Housing Grant
Since the government enhanced the Additional Housing Grant for flat buyers in February, the number of applications for this grant has doubled. Between February and July, the Housing and Development Board (HDB) received 6,338 applications for the grant, or an average of 1,000 applications per month. About 24 per cent of the applicants are households that earn between S$4,000 and S$5,000. In...