More support for rental flat dwellers to become homeowners. YahooFinance
1 / 1The new Homeownership Support Team will assist tenants in handling homeownership policies and processes.
“We agree that public rental should only be temporary for tenants who are work-capable.” Hence, the government is increasing support to help tenants become homeowners, said Senior Parliamentary Secretary for National Development Sun Xueling on Tuesday .To be established later this year, the Homeownership Support Team will assist tenants in handling homeownership policies and processes.
Moreover, Sun revealed that HDB gained a “better understanding” on how to provide better assistance to tenants thanks to the Fresh Start Housing Scheme, whereby families can obtain a grant of up to $35,000. Implemented in 2016, this programme assists second-timer rental families with kids purchase a two-room flat.
For example, some families needed advice on budgeting to be able to buy a flat, while others said they were grateful for the face-to-face support provided by the Fresh Start team.
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