More than 80% of Singapore's residents live in public housing flats, which are built, sold and subsidized by the government.
The Enhanced CPK Housing Grant will also be increased for eligible families who are buying for the first time, by up to SG$40,000 .Singapore has tightened the maximum loan that home buyers can take out in a bid to cool the country's public housing resale market. The Enhanced CPF Housing Grant will also be increased for eligible families who are buying for the first time, by up to SG$40,000 to a maximum of $120,000 , the government added.Prices of Singapore's resale homes rose by over 4% in the first half of the year, driven by strong demand and tight supply, according to the government.
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