Agent.sg / Property news / New measures will increase stability of housing market: analysts

New measures will increase stability of housing market: analysts

About 75% of Singapore households will qualify for grants under the new measures.

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The new enhanced housing grants will result in the gradual bottoming and increased stability in the HDB resale market but may slightly pull down activity in the private market, analysts said.

The Housing Development Board (HDB) and the Ministry of National Development (MND) recently announced the enhanced housing grant as a replacement to the additional CPF housing grant and the special CPF housing grant. Household income has been raised to $14,000 monthly from $12,000 previously for new HDB built-to-order (BTO) and resale HDB homes. Furthermore, the household income limit for the purchase of new executive condominiums (EC) has also been raised to $16,000 monthly from $14,000 previously.

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