Committee of Supply 2017
BUILDING OUR FUTURE CITY AND HOME TOGETHER
Minister for National Development Lawrence Wong made several key housing announcements at the Committee of Supply Debate on 7 March 2017. Read on to find out how these announcements will benefit Singaporeans.
Looking Back at COS 2016
Here’s a look at the announcements made during COS 2016.
Fresh Start Housing Scheme
It has since been implemented on 1 December 2016, and applications are open. Second-timer Singaporean families, with at least one Singaporean child below 16, and living in public rental flats for at least 2 years, can have a Fresh Start to own a 2-room Flexi flat!
Applicants for the scheme have commented that the help offered by Fresh Start is useful, as they are now able to obtain housing grants to help in their flat purchase. Besides that, applicants are able to apply for a concessionary rate loan from HDB, and pay a capped resale levy for the flat.
Find out more about the scheme in this video.
Remaking Our Heartlands (ROH)
Woodlands, Toa Payoh, and Pasir Ris were identified as the third batch of towns to benefit from HDB’s ROH programme. Residents and stakeholders have shared their suggestions and feedback for the rejuvenation plans for the towns, to strengthen each town’s identity. Public exhibitions of the proposals for the towns will be held in April 2017, so stay tuned for more details.
Revitalisation of Shops Scheme (ROS)
The ROS was launched in 2007 to enhance the vibrancy and competitiveness of HDB shops. In May 2016, the co-funding ratio between the Government, shopkeepers, and the Town Councils was adjusted. Start-up funding was also provided to support the formation of new Merchants’ Associations.
Details were announced in the press release.