Low-income Singaporean families will receive more financial help to buy their first home from this year's Budget. The government will introduce a Special CPF Housing Grant (SHG) to help low-income families purchase a Build-to-Order (BTO) flat for the first time. The SHG will be provided to families who earn up to S$2,250 per month. This is on top of the S$40,000 Additional CPF Housing Grant (AHG) to...
Budget 2011
The Singapore government said it will spend S$10 billion to upgrade homes and rejuvenate estates over the next 10 years. Finance Minister Tharman Shanmugaratnam said this is a major effort to preserve the value of HDB flats. Up to S$55,000 will be invested in each flat under the Home Improvement Programme (HIP), Neighbourhood Renewal Programme (NRP) and Lift Upgrading Programme (LUP). Around 50,000 flat...