More than one in five Housing Board resale flat buyers have applied for the Proximity Housing Grant (PHG) since it was introduced in August, Minister for National Development Lawrence Wong said in a blog post yesterday (30 Oct).
The PHG is S$20,000 for families and S$10,000 for singles. It was one of the measures announced by Prime Minister Lee Hsien Loong during the National Day Rally in August.
Recipients will need to live in the flats for at least five years as well as the families they live near or with, upon receiving the grant.
The grant is available to Singaporean families once, regardless of their household income, any previous subsidies enjoyed or private property ownership.
Of the resale flat buyers who applied for the PHG, nearly half the families and about nine in 10 of the singles were those who were previously ineligible for such grants.
Mr Wong noted that the grant had deliberately been made available to all, with no household income ceiling.
"We did this because we recognise that the desire to live closer to parents and children is shared by a wide spectrum of Singaporean households, and not just first-timer couples," he said.
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Source: “20% of resale flat buyers seek proximity grant” (Straits Times, 31 October 2015) and “Proximity Housing Grant proving popular” (TODAY, 31 October 2015)