Daryl Chin | The Straits Times | Tuesday, Jul 30, 2013

HDB has launched 3,861 flats for sale in Bukit Merah, Sengkang, and Yishun under the July 2013 Build-To-Order (BTO) exercise. A wide range of flats, from Studio Apartments to 5-room flats, are being offered to meet diverse housing needs. In this BTO exercise, we are launching a new housing policy for singles. We are also making three refinements to existing housing policies.

From today, eligible singles will also be able to apply for new 2-room flats in non-mature estates from HDB. This is a new housing policy. A total of 519 new 2-room flats in Sengkang and Yishun will be offered in this BTO exercise, comprising 301 units in new BTO projects, and another 218 units from previous BTO exercises. First-timer singles will enjoy up to 30 per cent of the 2-room flat supply in these non-mature estates.

New 2-Room BTO Flats for Singles

Currently, singles aged 35 years and above can buy resale flats of any size and in any location. Those who are eligible can receive CPF Housing Grants totalling $30,000, if they apply under the Joint Singles Scheme (JSS). This is the same as for married couples. However, if the singles apply under the Single Singapore Citizen Scheme (SSC), they will get half the grant amount, at $15,000. The new BTO housing policy for singles takes reference from the current resale policy for singles.

From this BTO launch, first-timer single Singapore citizens earning up to $5,000 per month and are 35 years and above, can buy a new 2-room standard flat in non-mature estates directly from HDB. Singles who apply for these flats under the JSS will pay the same BTO price as married couples. However, singles who apply under the SSC will pay $15,000 more than married couples. Singles who later marry will receive the CPF Housing Top-Up Grant of $15,000 after marriage.

In parallel, the Government will extend the Additional CPF Housing Grant (AHG) and the Special CPF Housing Grant (SHG) to eligible singles buying BTO flats. Singles who apply under the SSC with a monthly income of up to $2,500 can receive AHG of up to $20,000. Those with monthly income of up to $1,125 can also receive an additional SHG of up to $10,000. Singles who apply under the JSS with a combined monthly income of up to $5,000 can receive AHG of up to $40,000. Those with a combined monthly income of up to $2,250 can also receive an additional SHG of up to $20,000.

http://business.asiaone.com/property/news/new-housing-policy-singles-launched