4,170 HDB flats launched in first BTO exercise of 2016

HDB launched 4,170 new flats for sale under the February 2016 Build-To-Order (BTO) exercise. Spread across three projects located in the non-mature towns of Bukit Batok and Sengkang, and the mature estate of Bidadari, they make up the first tranche of 18,000 flats to be launched in 2016. 

 

February 2016 BTO Exercise

 

2          A wide range of flats, comprising 2-room Flexi to Three-Generation (3Gen) flats, will be offered in this BTO exercise to meet the housing needs of first-timers, second-timers, multi-generation families, elderly and singles.  Further details can be found in Annex A.

 

3          Eligible first-timer families can enjoy up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $40,000).  With these grants, buyers of 2-room Flexi, 3-room, 4-room and 5-room flats pay as little as $4,0001, $93,000, $211,000 and $314,000 respectively.

 

4          New HDB flats are priced with a generous subsidy, taking into account factors such as location, flat attributes and prevailing market conditions.  HDB’s prices are considerably lower than transacted prices of comparable resale flats in the vicinity (see Table 1 for the BTO prices and the comparable resale prices).   

Table 1:  February 2016 BTO Prices

Town Project(s) Flat Type Transacted Prices of
Resale Flats in the
Vicinity#
Selling Price
(Excluding Grants@)
Selling Price
(Including Grants^)
Non – Mature Towns
Bukit Batok

West Plains @
Bukit Batok

2-room Flexi* From $85,000 From $5,000
3-room $280,000 – $307,000 From $163,000 From $93,000
4-room $387,000 – $500,000 From $266,000 From $211,000
5-room $508,000 – $585,000 From $367,000 From $357,000
Sengkang Anchorvale Plains 2-room Flexi* From $80,000 From $4,000+
3-room From $171,000 From $101,000
4-room $365,000 – $415,000 From $267,000 From $212,000
5-room $380,000 – $481,000 From $324,000 From $314,000
Mature Town
Toa Payoh Alkaff Oasis 2-room Flexi* From $154,000 From $114,000
3-room $363,000 – $420,000 From $303,000 From $273,000
4-room $530,000 – $560,000 From $440,000 From $425,000
5-room $570,000 – $838,000 From $546,000 From $536,000
3Gen From $553,000 From $543,000

Note:

*     Come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).

^     The assumed housing grants are meant for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi BTO flat.  SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. With the SHG enhancement announced at NDR 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000:

  1. 2-room Flexi flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable)
  2. 3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable)
  3. 4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable)
  4. 5-room flat / 3Gen flat: $10,000 (AHG only)

The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.

+     Buyers are required to pay at least 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. AHG and SHG) that they are eligible for exceed 95% of the published price of flat. Excess housing grants, if any, can be used to pay for OCS items and premiums that singles and Singapore Citizen/Singapore Permanent Resident households have to pay, before they are credited into the Singaporean buyer’s CPF SA/RA and MA.

#     Details on the respective resale comparables in the vicinity for each BTO project can be found on the HDB e-Sales website. The differences in attributes between the resale comparables and the BTO flats should be taken into account when making a comparison.

@      Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen Scheme will pay $15,000 more than married couples.  Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income.  Read more on various CPF Housing Grants available.

 

5          The 2-room Flexi flats are priced taking into account the lease tenure and whether the buyers are first-timers, second-timers, or others.  The price range of 2-room Flexi flats on short leases is shown in Annex B.

 

6          First-timer families will continue to enjoy priority in flat allocation2. Married/courting couples who wish to live together with their parent(s) can apply for a 3Gen flat in Bidadari.  Other multi-generation families who wish to live near each other in the same BTO project can apply for flats in Alkaff Oasis, West Plains @ Bukit Batok or Anchorvale Plains under the Multi-Generation Priority Scheme 3(MGPS). 

 

Advice for Flat Buyers

 

7          Applicants are advised to apply for a BTO flat in non-mature towns to enjoy a higher chance of success in securing a flat.

 

8          Regular updates on the number of applications submitted for the various flat types/towns will be published on the HDB InfoWEB.  Applicants are advised to check for updates before submitting their application.

 

9          Applicants who wish to take up an HDB housing loan for their flat purchase must produce a valid HDB Loan Eligibility (HLE) Letter when they book a flat.  They are encouraged to apply for an HLE Letter early so that they can plan their flat purchase in advance.  The HLE Letter will indicate the maximum loan that can be offered based on individuals’ financial situation.  Applicants can check their loan eligibility and apply for an HLE letter at www.hdb.gov.sg/hleapply.

 

Application for February 2016 BTO Exercise

 

10        Application for new flats launched in the February 2016 BTO exercise can be submitted online on the HDB InfoWEB from today, 24 February 2016 (Wednesday) to 1 March 2016 (Tuesday)Applicants can apply for only one flat type in one town.   

 

11        More details on application procedures can be found in Annex C.

 

12        For enquiries, the public can:

–      Log on to esales.hdb.gov.sg; or

–      E-mail hdbsales@mailbox.hdb.gov.sg; or

–      Visit the HDB Sales Office to speak with our Customer Relations Executives during office hours
       (Monday to Friday 8 am to 5 pm, Saturday 8 am to 1 pm).

 

Upcoming BTO-cum-SBF Launch in May 2016

 

13        In May 2016, HDB will offer about 4,070 BTO flats in Ang Mo Kio, Bedok, Bukit Merah, Bukit Panjang and Sembawang.  About 5,000 balance flats will be offered in a concurrent Sale of Balance Flats (SBF) exercise.  More information on the flats to be offered under the May 2016 BTO exercise is available on the HDB InfoWEB. 

 

[1] In this case, the total grants are $80,000 and the selling price is $80,000. A minimum payment of 5% of the published price, i.e. $4,000 is needed, and the excess AHG/SHG will be credited into the buyers’ CPF Special Account (SA) /Retirement Account (RA) and Medisave Account (MA).

[2] At least 85% (for 4-room and 5-room flats) and 70% (for 3-room flats) of the BTO public flat supply in the non-mature towns are set aside for first-timer families. For flats in the mature estate of Bidadari, at least 95% (for 3-room and bigger flats) of the public flat supply will be set aside for first-timer families.

[3] HDB will set aside up to 15% of the 2-room Flexi and 3-room flats in a BTO project (subject to a minimum of 20 units each) for parents applying under MGPS. The same number of 2-room Flexi and bigger flats will be set aside in the same BTO project for their married children.

Article depicted from HDB Infoweb.

 

 

 

Advisory on Haze Situation and Application for ComChest Haze Fund

In the recent weeks, the Pollutant Standards Index (PSI) levels have risen above normal. We would like to urge all member VWOs to stay updated on the latest haze conditions.  You may wish to access the haze microsite set up by the National Environment Agency (NEA) at http://www.haze.gov.sg/  to obtain regular updates.

 

2              During the haze period, NEA also issues daily air quality forecast. The forecast for the next 24 hours is issued around 6 pm daily on the microsite. You could use the air quality forecast to plan your agency’s daily activities.

 

3              In general, the health impact of haze is dependent on one’s health status (e.g. whether one has pre-existing chronic heart or lung disease), the PSI level, and the duration and intensity of outdoor activity. Reducing outdoor activities and physical exertion can help limit the ill effects from haze exposure. If your agency serves vulnerable clients, such as the young and the elderly, please exercise vigilance to help them cope with the changes in the haze conditions. We have also attended the ‘PSI Handy Guide’ as an additional resource for you to plan the activities for your clients.

 

ComChest Haze Fund

4              To help member VWOs put in place measures to deal with the haze situation, NCSS has set up the ComChest Haze Fund, a one-time grant which can be used to buy items such as masks, portable fans, air purifiers or portable air conditioners to protect your clients.

 

Eligibility and Grant Amount

  1. ComChest Haze Fund is open only to programmmes serving vulnerable elderly and/or children, which provide essential services that will need to continue under severe haze situation, and are NOT receiving funding from the Ministry of Social and Family Development, Ministry of Health or Ministry of Education.
  2. Each eligible programme will be given a one-time grant of $1,000.

 

Fund Application and Closing Date

iii.                  Application can be made using the Funding Application Form attached. NCSS would consider each application on a case-by-case basis, based on your clients’ needs and justification(s).

  1. If your VWO have multiple eligible programmes, you could submit your application using a single form.
  2. The closing date for application is 21 September 2015.

 

Enquiries

  1. For further enquiries, please contact Ms Elaine Chung from the Fund Allocation Team at DID: 6210 6692 or email her at Elaine_CHUNG@ncss.gov.sg.

 

Just Parenting Association Flag Day 2015

We are inviting everyone to volunteer on our upcoming Flag Day this coming 24 June 2015.

Our vision is to provide the low-income families in Singapore with the necessary tools and skill that they need to create a stable family and we do this by providing free talks and programs for all. We are also a ministry appointed shelter operator and is currently running WAHAH shelter for the homeless families. The funds that we raised during the flag day will contribute towards the operational cost of the shelter and programs run by the organization.

There are two ways in which students can contribute for our flag day the details is as per below;

1) Volunteer as tin-bearers for street collection (student must be 15y/o and above);

The reporting station for the Flag day will be at BLK 3 Queens Road #01-169 Singapore 260003.
Nearest MRT is Farrer Road MRT (circle line)

As of now, the proposed location for the street collection will be at:-
a) Dhoby Ghaut & Orchard Road area
b) Geylang Serai (hari raya bazaar)
c) Woodlands Mrt

*Should the volunteers decides to do the street collection at their own choice of location they will have to inform the IC on the day upon registration.
There will be 3 shifts to choose from (all volunteers should report 45 mins to 1 hour before their shift for briefing): –
1) 10am to 1 pm
2) 1 pm to 3 pm
3) 3 pm to 5 pm

Light refreshment & transport allowance will be provided.
All secondary and tertiary students will receive CCA/CIP points if they requires it. All certificates and/or official letter will be given out at the end of their shifts.
Alongside with that, we will need their personal particulars (Name/Mobile No./School/Date of Birth) and preferred shift.

2) Flag day pledge cards (No age requirement for students) ;

For volunteers who are unable to participate in the street collection they can also opt for the pledge cards.
The volunteers can solicit donation from family, friends & acquaintances from the period of 17th June 2015 and return the cards latest by 24th July 2015.

All secondary and tertiary students will receive CCA/CIP points if they requires it. Every $10 pledge will be equivalent to 1 CCA/CIP hours. All certificates and/or official letter will be given out at when the pledge card is returned.

To request for pledge cards volunteers can email their details (Name/NRIC/Mobile No./School/Date of Birth/NRIC No.) to aishah@justparenting.org.sg . We will send via post or deliver to school depending on the quantity or they can come by to our collection centre at BLK 3 Queens Road #01-169 (starting from 17th June) to collect the cards themselves.

Thank you once again for your interest we hope to hear back from you soon. Should you require more info feel free to call me at 6471 5446. Have a nice day.

RDP BITES 2

Singapore Budget 2015

RECOMMENDATIONS OF THE CPF ADVISORY PANEL

1)      The Government has been studying possible improvements to the CPF system to better meet our needs. Following extensive review and public consultation, the CPF Advisory Panel has made the following recommendations:

2)      There will be a more flexible CPF system.

  • ·         For those turning 55 in 2016, instead of one CPF Minimum Sum, there will be three different levels of Retirement Sums to choose from.
  • ·         The amount that is set aside in the Retirement Account at 55 will determine the lifelong monthly payout received from 65.

Retirement Sum Options

Monthly payout for life

Basic Retirement sum  (with property[1]) $80,500 $650 – $700
Full retirement sum $161,000 $1.200 – $1,300
Enhanced Retirement Sum $241,500 $1,750 – $1,900
[1] Subject to a pledge/ charge

 

  • ·         Lump Sum Withdrawal: If you turn 55 after 2013 (members who turned 55 earlier were already able to withdraw more of their savings at 55 under the old rules), there will be the option to withdraw up to 20% of our Retirement Account saving at age 65, inclusive of the $5,000 that you can withdraw at age 55.  However, this means a lower monthly payout after you take out the lump sum.
  • ·         Put more savings in CPF LIFE: There will be the option to top up your CPF savings to the Enhanced Retirement Sum to receive a higher monthly payout.
  • ·         Start payouts later: You can choose to start receiving payouts later, up to age 70, to receive a higher monthly payout.

3)      As such, Singaporeans should consider how much we would need in retirement and ask ourselves how much monthly payout we would like to have. For example:

  • ·         If we want to receive $1,200 for life, we will need to set aside the Full Retirement Sum of $161,000.

4)      Singaporeans should also consider saving more in CPF as it allows us to enjoy a higher interest rate that is guaranteed and risk free. For example:

  • ·         If you have $80,000 at age 55 and leave it in CPF to earn interest, this amount can grow to $124,000 or so by the time you reach 65.

5)      There is also more assurance for CPF members:

  • ·         To help you plan for retirement earlier, your Basic Retirement Sum will be made known to you ahead of time.
  • ·         For members turning 55 between 2017-2020, the Basic Retirement Sum for each year will be increased by 3% from the previous year.

6)      With these enhancements, rather than a one-size-fits-all approach, Singaporeans will now have more options andgreater flexibility to decide what is needed for retirement. This will give greater assurance and peace of mind when preparing for retirement.

For more information, please visit www.cpfpanel.sg

MEDISHIELD LIFE

1. When implemented in end-2015, MediShield Life will:

a. Give all Singaporeans better coverage, for life. Including those who are very old or have pre-existing conditions.

b. Offer better protection against large hospital bills and expensive subsidised outpatient treatments such as dialysis and chemotherapy for cancer.

2. Premiums will be very affordable with Government support. The following illustrates the support one can expect to get automatically, without submitting any application forms:

a. All Singapore citizens who experience a net increase in premiums will receive Transitional Subsidies for the first four years.

i. First year: 90% subsidies on the net increase in premiums (up from 80% announced previously)

ii. Second year: 70% subsidies on the net increase in premiums (up from 60% announced previously)

iii. Third year: 40% subsidies on the net increase in premiums

iv. Fourth year: 20% subsidies on the net increase in premiums

b. Lower- to middle-income Singaporeans will receive Premium Subsidies, a permanent feature of MediShield Life.

c. Members of the Pioneer Generation will get special subsidies for life. They will also receive Medisave top-ups for life, depending on when they were born.

d. Working Singaporeans will receive an additional 1% employer Medisave contribution to help them save more for their healthcare needs.

e. Those aged 55-64 in 2014 (born between 1950 to 1959) to will receive Medisave top-ups for the next 5 years (from 2014).

f. Additional Premium Support will be available for those who cannot afford their premiums even after subsidies. No one will lose MediShield Life coverage because of financial difficulties.

3. The full premiums may be paid for using Medisave. For those who have insufficient Medisave balances (e.g. homemakers), their premiums can be paid for by family members who are working. Medisave accounts may also be topped up with cash to pay for the premiums.

4. The MediShield Life Scheme Bill has been passed in Parliament to provide for the implementation and administration of MediShield Life.

For more information, please refer to the attached materials: 1) Keeping premiums affordable for MediShield Life; and 2) Recap on the “8 things to know about MediShield Life”

For more information on MediShield Life, please visit : www.medishieldlife.sg.

For access to the MediShield Life Premiums Calculator which estimates the expected MediShield Life premiums payable, please visit : https://www.moh.gov.sg/content/moh_web/medishield-life/premium-calculator.html

YOUR QUERIES ANSWERED
The PGPU assists OLs on queries you may have with regards to certain government policies, by checking with relevant ministries/ agencies. We share some of the useful information here:

Query from Opinion Leader: The government recently announced that with effect from 1 Jan 15, lower to middle income Singaporeans will enjoy more subsidies on subsidised medication at polyclinics and subsidised Specialist Outpatient Clinics (SOCs). However this does not apply to ALL medications issued by doctors. Why is this so?

Reply from the Ministry of Health:
1. The Government subsidises drugs on the Standard Drug List (SDL) and the Medication Assistance Fund (MAF). The list of subsidised drugs can be found on the Ministry of Health (MOH)’s website at https://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/drug_subsidies.html

2. The list of subsidised drugs is reviewed on an ongoing basis to take into account changes in clinical practice, advances in medical science and evolving needs of patients. The assessment is done by the Drug Advisory Committee (DAC) which comprises of senior clinicians, and chaired by the Director of Medical Services.

3. Three main factors are considered when determining whether a drug can be subsidised:

a. Whether the drug is essential for treatment of medical conditions

b. Whether the drug offers a major improvement in terms of efficacy and effectiveness

c. Whether there is sufficient evidence of long term safety and cost-benefits of the drug

4. About 90% of the drugs prescribed at public healthcare institutions are standard drugs.

5. Eligible patients who require non-standard drugs can apply for subsidies under the MAF.

HELPING SINGAPOREAN- FOREIGN COUPLES BETTER PLAN FOR THEIR FUTURE

The following News Highlights covers the two topics:

i) Housing Measures

ii) Helping Singaporean- Foreign couples better plan for their future

 

HOUSING MEASURES

a. Helping families live closer to each other

 

1. As part of the government’s commitment to help families who wish to live closer to each other, the government will be adopting suggestions that came up during the recent Housing Conversations on “Closer Families, Stronger Ties”.

2. BTO exercises in future will set aside a proportion of new flats for families who want to live with, or close by.

i. First priority will be given to those who are applying to live together.

ii. First priority will also be given to parents who own a flat in a mature estate, and are applying for a flat in a non-mature estate to live near their married child.

3. These measures will take effect at the next

BTO launch in November 2014.

 

b. Slowing down supply of BTOs

1. Over the last 3 years, HDB has ramped up the supply of BTO flats (77,000 units). Efforts have effectively cleared waiting queues especially for first timers.

2. Now that the housing market is stabilising, the government will need to slow down to prevent an oversupply in the public housing market.

3. After studying BTO application rates carefully to ensure demand continues to be met, the government will:

i. Further reduce the number of BTO flats launched by 25% in 2015 (16,000 units). In 2014, the number of BTO flats was already reduced by 10% (22,400 units).

ii. BTO exercises will be launched every quarter (ie 4 times a year), instead of every other month (ie 6 times a year). The launch size will be kept at 4,000 units to ensure a good spread so that buyers continue to have choices.

4. These measures will take effect in 2015.

 

For more information on Housing Measures:

https://mndsingapore.wordpress.com/2014/07/16/living-close-by-is-cool/

http://mndsingapore.wordpress.com/2014/10/20/changing-gear/

 

HELPING SINGAPOREAN- FOREIGN COUPLES BETTER PLAN FOR THEIR FUTURE

1. Over the years, there have been more marriages between Singaporeans and foreigners.

i. In 2013, 3 in 10 marriages were between a Singaporean and a non-resident.

2. To help these prospective couples better plan for the future and build the foundation for a strong marriage, the government will:

i. Revise the Long Term Visit Pass process to provide greater clarity prior to marriage, on whether foreign spouses can qualify for a long term stay in Singapore;

ii. Introduce Marriage Preparation and Support programmes to help these couples better integrate into the local community; and

iii. Make it easier for foreign spouses to boost family finances and seek employment in Singapore.

3. Please see annex A for more details on new measures.

Promoting the extension of re-employment age till 67 and key points from PM Lee’s speech at NUSS

The following News Highlights covers the two topics:

i)                    Promoting the extension of re-employment age till 67; and

ii)                   Key points from PM Lee’s speech at NUSS

PROMOTING THE EXTENSION OF RE-EMPLOYMENT AGE TILL 67

 

The Public Service Division has announced that from 1 January 2015, eligible public servants can be re-employed after they turn 65, up to the age of 67.  This announcement comes after the Tripartite Committee on Employability of Older Workers (Tricom) recommended promoting the extension of re-employment age to 67 by providing incentive support.

 

The following are the main details of the re-employment of older workers:

 

1.       The Government is committed to helping older workers who can and want to continue working do so.

 

2.       The Tripartite Committee on Employability of Older Workers’ (Tricom) has recommended providing incentives to encourage firms to re-employ their older workers beyond age 65.

 

a.       The incentives will be announced in Budget 2015, and backdated to 1 Jan 2015.

b.      This will give companies time to adjust before legislation kicks in, in a few years.

3.       From 1 Jan 2015, the Public Service will take the lead to offer re-employment to all eligible officers till age 67.

 

a.       Currently, public officers are re-employed up to age 65 when they reach the retirement age of 62.

b.      Already, some public agencies have voluntarily re-employed officers beyond age 65, if officers wish to continue working and can continue to contribute to the agency.

For more information on the Tricom recommendations and Advisory on Re-Employment: http://www.mom.gov.sg/newsroom/Pages/PressReleasesDetail.aspx?listid=589

 

KEY POINTS FROM PM LEE’S SPEECH AT NUSS

 

Speaking at the National University of Singapore Society (NUSS) Lecture on Friday, 3 October 2014 , Prime Minister Lee Hsien Loong spoke about Singapore’s future as it enters a phase of transition.  The following recaps the key points of the speech by Prime Minister Lee:

 

1.    We have embarked on our New Way Forward. These are good-hearted and necessary shifts.

 

c.       More risk-sharing. For example: MediShield Life subsidies

d.      More support for the elderly. For example: Pioneer Generation Package, Silver Support

e.      Keeping pathways upwards open to all. For example: ASPIRE/ SkillsFuture

2.    However, we cannot be all Heart, and no Head. We will need to be hard-headed also.

 

a.       Because we have to do good-hearted things the right way

b.      Because we have to be good-hearted not only to ourselves, but to our children and grandchildren

i           For example, in CPF, it would be irresponsible to make our children fund our retirement, as some countries have done.

ii         Instead, we spend within our means.

3.    We need growth and prosperity so that we can be good-hearted.

 

a.       A rich society may not always be happy. But poor societies rarely are.

b.      Growth doesn’t solve all problems, but without it, we will not be able to do many important things for Singaporeans.

i           For example, if we close our doors to all foreign PMEs, companies may not want to come here, and Singaporeans will not have jobs in these companies also.

ii         Instead, we remain open, but make sure that Singaporeans can compete fairly and thrive

4.    We will address Singaporeans’ anxieties where we can, but we must also be honest and clear about what needs to be done.

 

5.    By striking the right balance, we can be more confident of a brighter future.

 

Related article on PM Lee’s Speech at NUSS:

http://www.channelnewsasia.com/news/singapore/singapore-must-be-both/1396758.html#

STAGGERED DOWNPAYMENT FOR RIGHT-SIZING TO 2-ROOM OR 3-ROOM FLATS

The following News Highlights covers the two topics:

i)                    Staggered downpayment for right-sizing to 2-Room or 3-Room flats; and

ii)                   Population In Brief report 2014

STAGGERED DOWNPAYMENT FOR RIGHT-SIZING TO 2-ROOM OR 3-ROOM FLATS

 

At the latest Build-To-Order (BTO) launch on Wednesday, 24 September 2014, HDB announced that existing flat owners who right-size to a new 2-room or 3-room flat in a non-mature estate/town will be able to enjoy the Staggered Downpayment Scheme, where they pay half the downpayment for the new flat.

 

The following are the main details of the Staggered Downpayment Scheme.

 

1.       HDB flat owners who wish to right-size to a 2-room or 3-room BTO/Sale of Balance flat will now only need to pay half of the downpayment when they sign the Agreement for Lease

 

a.         A 5% downpayment to be paid upfront for HDB loan cases or those who do not need a loan, down from the existing 10%.

b.        A 10% downpayment to be paid upfront for loans taken from financial institutions (regulated by the Monetary Authority of Singapore), down from the existing 20%.

2.       They only need to pay the other half of the downpayment together with the balance purchase price of the new flat when the new flat is ready and they collect the keys.

3.       This will help HDB flat owners who want to right-size but cannot pay the full downpayment because their funds are tied up in the existing flat.

4.       Who are eligible for the Staggered Downpayment Scheme?

a.         They have applied to buy a 2-room or 3-room flat in Build-To-Order/Sale of Balance Flat exercises from September 2014 onwards (The next Sale of Balance Flats exercise is in November 2014);

b.        The new flat is in a non-mature estate; and

c.         They have not sold their existing flat (or the sale of the existing flat has not been legally completed) when they apply for a new flat.

5.       Flat owners do not need to apply for the Staggered Downpayment Scheme. The HDB will automatically extend it to those who are eligible.

More information on the Staggered Downpayment Scheme:

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatSDSFlatLevies
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/D7803F9C33FE714148257D5D00095369?OpenDocument

 

POPULATION IN BRIEF

 

The National Population and Talent Division released its annual publication Population in Brief report on Thursday, 25 September 2014. The report provides relevant information on Singapore’s population landscape and contains a collation of key population indicators and demographic trends.

 

The following highlights the main findings of the report:

 

1.       Overall:

a.         Slowest population growth in the last decade (1.3%).

b.        As of June 2014, Singapore’s total population was 5.47 million

2.       Citizen/PR population:

a.         Citizen population grew by 0.9% while PR population remained stable.

b.        Our citizen population continues to age – percentage aged 65 and above higher than last year.

c.         Ethnic profile of citizen population remains stable.

d.        Fewer Singaporeans are getting married, and having children. Our total fertility rate dipped from 1.29 in 2012 (Dragon Year) to 1.19 in 2013 across all ethnic groups.

3.       Non-resident population: (This group is not here for good – It is made up of foreign workers, employment pass (EP) holders, students – and depends on the state of our economy)

 

a.         Growth of this group slowed – mainly due to concrete steps taken to slow foreign workforce growth to a more sustainable pace.

b.        Bulk of foreign employment growth was in construction – to support infrastructure projects (building homes, MRT projects and hospitals).

 

4.       Businesses will face a tight labour market as we restructure the economy.

a.         Singapore remains business friendly.

b.        Government programmes are helping businesses to become more productive and rely less on foreign workers.

c.         Businesses can grow and succeed here, and create quality jobs for Singaporeans.


To download the full report:

http://www.nptd.gov.sg/content/NPTD/news/_jcr_content/par_content/download_118/file.res/population-in-brief-2014.pdf