HDB resale market could be big winner of changes that raise grants for flat buyers

SINGAPORE - Young couples with high incomes and those looking to offload their Housing Board flats in the resale market are likely to be the biggest beneficiaries of the new HDB policies announced on Tuesday , said observers.

ERA Realty key executive officer Eugene Lim said it is increasingly common for some fresh graduates to start with higher salaries, such as those in IT and finance. Another major change is the new Enhanced CPF Housing Grant of up to $80,000. It replaces two previous grants, but allows more people to benefit as it has a higher income cap and does not impose any restrictions on the flat size or location.

OrangeTee & Tie's head of research and consultancy Christine Sun said the change was timely, given that a large number of flats - about 25,000 a year - are expected to reach their minimum occupation period and go on the resale market in each of the next few years.

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New housing grant to breathe life into stagnant HDB resale market: AnalystsSINGAPORE — The Enhanced Central Provident Fund (CPF) Housing Grant announced on Tuesday (Sept 10) would inject more life into the tepid Housing and Development Board (HDB) resale market, said property analysts.
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