Share Your Ideas on the Fresh Start Housing Scheme

A new scheme to help public rental households own a home again could allow second-timers to receive another Housing Development Board (HDB) concessionary loan. 

It could also give them the option of buying two-room flexi flats on shorter leases, which is now possible only for elderly buyers. Families might have to stay in the flat for a longer time - known as the minimum occupation period - before they are allowed to resell it.

The Fresh Start Housing Scheme will also include a new grant which might be disbursed gradually over time, subject to conditions. This will reduce the amount buyers need to pay for their new flat.

These are the latest ideas shared by National Development Minister Lawrence Wong for the upcoming Fresh Start Housing Scheme in a blog post on Tuesday (15 Dec).

The Ministry of National Development and HDB are now gathering views on the scheme. The public can send their suggestions for the scheme to feedback@mnd.gov.sg.

Source: “New grant, second HDB loan, two-room flexi flats possible for Fresh Start Housing Scheme” (The Straits Times, 15 Dec 2015)

What suggestions do you have on helping public rental households own their own flat?

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