Government mindful of potential impact of increasing housing grants in buoyant resale market: MND

SINGAPORE — The Government is"mindful" of the potential impact of increasing Central Provident Fund housing grants in a buoyant resale market, the Ministry of National Development said on Thursday .

The grant amount for eligible first-timer singles buying a four-room or smaller resale flat will be increased to S$40,000, and to S$25,000 for a five-room resale flat. Mr Lee Sze Teck, senior director of research at Huttons, said the HDB resale market's transaction volume could increase to between 26,000 and 28,000, up from an earlier projection of 24,000 to 26,000.

MND said on Thursday that resale transactions are"determined on a willing-buyer-willing-seller basis".

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Government mindful of potential impact of increasing housing grants in buoyant resale market: MNDThe CPF Housing Grant increases are specifically targeted at eligible first-timer home buyers with incomes below S$14,000 for families and S$7,000 for singles, says MND. Actually if resale value goes up, will this cause BTO price to go up in tandem because of rise in property value ? 🤔🤔🤔 What else would people do with easy money other than to create bubbles ?
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