The Fresh Start Housing Scheme will make two-room flats more affordable for families living in rental units, with conditions such as shorter leases.
Prime Minister Lee Hsien Loong announced the Fresh Start Housing Scheme at National Day Rally to help second-timer rental households own a two-room flat. The new Fresh Start Housing Scheme targets households who have sold their HDB flats and are now living in rental units. It will help them to better afford two-room flats.
Experts believe that enabling these households to own a home will encourage them to focus on other issues, build more stable relationships, and prevent their children from unsavoury influences, which rental-flat environments can bring.
These families will get more affordable two-room flats with conditions such as shorter leases and restrictions on resale. “Holistic” support such as counseling services will also be provided for them, among several other conditions to be specified.
Ministry of Development (MND) said it is still studying the scheme with HDB while consulting social services agencies and the public to come up with a practical and meaningful scheme.
Check out the infographic below for more HDB housing- and family-related policy changes announced during the NDR:
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