Parliament’s latest housing policy announcements reaffirm Singapore’s commitment to enabling Singaporeans to own their homes. Regardless of whether you are a new or existing home owner, single or elderly, here’s a summary of the policies announced; what may be reviewed in time to come; and how they impact various groups of Singaporeans.

Singles

The 2-room BTO flat quota for singles will be increased from 30% to 50%, to address the housing needs of singles who meet the eligibility criteria to buy 2-room BTO flats in non-mature estates. This will take effect from the May 2015 BTO Sales Exercise.

 

Psst…have you heard? Singles will have higher chances of buying 2-room BTO flats in non-mature estates

Families

More help will be extended to foster closer family ties and help families live near one another, including the possibility of assisting those who wish to buy a resale flat near their parents. More 3Gen flats will be built, including in mature estates, to cater to multi-generational families who prefer to live under the same roof.

With rising income levels, the current income ceiling of $10,000 may be adjusted to help more Singaporeans buy an HDB home.

Enabling multi-generational families to live and play under one roof

Elderly

For a flexible housing option to meet the varying needs of different groups, HDB will explore the possibility of rationalising the Studio Apartment and 2-room flat schemes. The new 2-room flat scheme, if implemented, will offer varying lease tenure and lease terms.

A new 2-room flat scheme with varying lease tenure could be in the works

Rejuvenation of HDB Towns

Another three HDB towns have been selected to be rejuvenated through the Remaking Our Heartland (ROH) programme. The third batch of HDB towns – Toa Payoh, Woodlands and Pasir Ris, will be developed and rejuvenated into more vibrant homes for Singaporeans. HDB and partner agencies will be consulting the respective stakeholders to refine these plans in the coming months.

Toa Payoh is one of three towns that will benefit from ROH Batch 3 works

HDB Greenprint, which was introduced in 2012 and piloted in Yuhua, comprises both hardware solutions and community initiatives to raise awareness of conservation issues. Another new town will be identified for the HDB Greenprint in the coming months.

HDB Shopkeepers

Besides residents, HDB shopkeepers also form part of the HDB landscape. A review will be done to refine the Revitalisation of Shops (ROS) scheme and recommend ways to transform the heartland shopping environment into vibrant social spaces.

HDB heartland shopping areas are set to become more vibrant social spaces for the community

Some of these announcements will require more in-depth review before details are made available. Nonetheless, they are set to make a positive difference in the lives of Singaporeans and the community.

For more details, visit HDB InfoWEB. MyNiceHome will also be following these developments closely, and doing updates when the news comes in. Follow us on MyNiceHome Facebook Page to be in the know of the latest updates!

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