For the upcoming bumper launch of Housing Development Board (HDB) flats in the second half of this month, the application window will be extended to 10 days, up from the usual seven.
The extension is meant to give prospective flat buyers "more time to consider the wide range of flats offered and make an informed decision", the HDB said yesterday (12 Nov).
This month's sales exercise combines the September and November launches, and will see 12,000 flats up for sale. 7,000 of them will be Build-To-Order flats in the hotly anticipated Bidadari district, Bukit Batok, Choa Chu Kang, Hougang, Punggol, and Sengkang. The other 5,000 will be unsold balance units.
The two launches were merged so that more home buyers could benefit from policy changes announced during this year’s National Day Rally, many of which will kick in during this sales exercise.
For the first time, citizens with a higher household income ceiling of $12,000 will be able to apply for new HDB flats, while singles earning a higher income of up to $6,000 can also apply.
The Special Central Provident Fund Housing Grant will be doubled to $40,000, and the income ceiling raised to $8,500. HDB said this means more than two-thirds of Singaporean families can qualify for the grant, compared with just over half currently.
The launch will also see the introduction of the new two-room flexi scheme, which offers elderly buyers units with shorter leases.
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Sources: “Mega launch of HDB flats: Applicants get more time” (The Straits Times, 13 Nov 2015); “More time to ponder options ahead of HDB mega launch” (CNA, 13 Nov 2015)