Committee of Supply 2016
Building a Better Home Together
Minister for National Development Lawrence Wong and Senior Minister of State Desmond Lee made several key announcements at the Committee of Supply debate on 11 April 2016. Read on to find out how these announcements will benefit Singaporeans.
Helping second-timer families own a home again
The Fresh Start Housing Scheme (FSH) provides second-timer families with young children living in public rental housing with an opportunity to own a home again. The Ministry for National Development, Housing & Development Board (HDB), and Ministry for Social and Family Development (MSF) will extend various assistance measures to help them buy a flat.
|Fresh Start Housing Grant||Up to $35,000, depending on the chosen lease|
|Flat type and lease options||2-room Flexi flat, with a lease of between 45 – 65 years to last all owners and spouse occupiers till at least age 95|
|Priority allocation||Within a quota of up to 10% under the Tenants Priority Scheme|
|HDB concessionary housing loan||Another HDB concessionary loan, regardless of the number of HDB loans taken previously|
|Resale levy||Capped at $30,000 (for a 99-year lease), and adjusted downwards based on the lease chosen|
Partnering the community to rejuvenate our heartlands
In March 2015, HDB announced 3 towns under the third batch of HDB’s Remaking Our Heartland (ROH) programme – Toa Payoh, Woodlands, and Pasir Ris.
About 400 residents and stakeholders shared their suggestions and feedback for the rejuvenation plans for the 3 towns. The ROH plans will also take into account the local context and specific requirements of each town, to strengthen each town’s identity. Here are some of the preliminary ROH proposals that have been developed.
Public exhibitions on the proposals will be held once the plans have been formulated.
Revitalisation of Shops (ROS) Scheme
The ROS Scheme was introduced in 2007 to help enhance the vibrancy and competitiveness of HDB shops. Close to 4,700 shops across 54 sites have benefited from the ROS scheme through co-funding for the upgrading of common areas and promotional events, and rent-free renovation periods.
HDB has reviewed the ROS Scheme in 2015 and set up the ‘Revitalise Heartland Shops Committee’ to take in views and suggestions from local Merchant’s Associations, retailers, and grassroots organisations. The committee plans to improve the existing ROS Scheme by:
- Adjusting the co-funding ratio between the Government, shopkeepers, and the town councils for upgrading works
- Providing start-up funding to support the formation of new Merchants' Associations
The details will be announced before the launch of the next batch of ROS.
Visit MND’s Budget Debate 2016 microsite for more details on the announcements.