Agent.sg / Property news / HDB disburses $550m under Proximity Housing Grant

HDB disburses $550m under Proximity Housing Grant

Fresh property news selection on February 17. 2020, Monday.

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Around 4,500 families and singles have set up home in the same Housing Board block or even in the same flat as their parents or children in the past four years.

Such families were among 30,100 first-timers who applied for the Proximity Housing Grant (PHG), introduced in August 2015 to foster closer family ties for mutual care and support.

 

The number of applicants represented a third of the 96,800 who registered between Aug 24, 2015 and Dec 31 last year for resale flats, figures released by the HDB yesterday showed.

Around $550 million has been disbursed to 29,600 households under the PHG scheme so far.

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