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Changes to HDB grant approach, income assessment period
The Straits Times
|May 10, 2023
PRs married to citizens will also enjoy housing grants; income to be assessed over I2 months
First-time Housing Board flat buyers who are a couple comprising a Singaporean and a permanent resident (PR) will now get housing grants split equally between them.
In the past, housing grants, which can be as much as $190,000 for resale flats, would be allocated to only the Singaporean buyer.
Those looking to buy HDB flats will now also have their incomes assessed over a period of 12 months, instead of the most recent three or six months.
HDB, in a statement on Monday, set out the latest changes to the way housing grants are given out, including the replacement of the existing HDB loan eligibility letter.
On April 28, HDB said the new HDB flat eligibility letter will give buyers a clearer picture of their purchase costs and financing options.
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