{"id":13802,"date":"2018-02-27T09:43:50","date_gmt":"2018-02-27T01:43:50","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=13802"},"modified":"2022-07-01T04:47:48","modified_gmt":"2022-06-30T20:47:48","slug":"proximity-housing-grants","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/proximity-housing-grants\/","title":{"rendered":"$211m paid out in proximity housing grants for couples buying flats"},"content":{"rendered":"
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Photo credits: Krristy Lam<\/figcaption><\/figure>\n

HDB\u2019s Proximity Housing Grant (PHG) was first introduced in August 2015, and since then, about $211 million worth of grant money has been disbursed to 11,000 families. The vast majority of applicants (we\u2019re talking 93%!) are children who have purchased resale flats to live closer to their parents, with the remaining 7% being parents who have bought resale flats to live near their children. <\/span><\/p>\n

If you\u2019re thinking of tapping into the PHG, here\u2019s what you need to know: <\/span><\/h3>\n

All Singaporeans are eligible to receive the PHG once, regardless of household income, ownership of private property, and whether they have enjoyed housing subsidies before. If you\u2019re a private property owner, do note that you\u2019ll need to dispose of their private properties within six months of the resale flat purchase. <\/span><\/p>\n

Plus, Singaporeans can now enjoy larger grant amounts with the latest revision announced in the 2018 budget. Previously, families would get $20,000 in grant money if they bought a resale flat to live <\/span>near <\/i><\/strong>or <\/span>with<\/strong> <\/span><\/i>their parents, and singles would receive $10,000 if they bought a resale flat to live <\/span>with<\/strong> <\/span><\/i>their families. Under the new scheme, families who purchase a flat to live <\/span>with<\/strong> <\/span><\/i>their families will receive $30,000 instead of $20,000, and singles who do the same will receive $15,000 instead of $10,000. <\/span><\/p>\n

At the same time, singles who buy a resale flat near their parents are now also eligible to receive $10,000 worth of PHG grants. Last but not least, the definition of \u201cnear\u201d has been expanded from 2km to 4km. <\/span><\/p>\n

Thinking of utilizing that grant, and staying near your parents? Here\u2019s a handy round-up of resale flats from the various mature estates in Singapore: <\/span><\/p>\n

Toa Payoh<\/strong><\/h3>\n