Closer Families, Stronger Ties: Enhanced Proximity Housing Grant to Help More Families Live Closer Together
Minister for Finance, Mr Heng Swee Keat announced during the Budget Statement in Parliament yesterday that the Government will enhance the Proximity Housing Grant (PHG) to encourage married couples, singles, and their parents to live closer together, in the same flat or nearby, for stronger family support.
The enhanced PHG are summarised below:
(A) Increase in PHG for Extended Families to Live Together
To further encourage extended families to live together in the same flat for better care and support, families who buy a resale flat to live with their parents or children (who are married or singles aged 35 and above) will now enjoy a higher-tier PHG of $30,000, up from $20,000 previously. Those buying a resale flat to live near their parents or children will continue to receive a PHG of $20,000.
(B) Enhancement of PHG for Singles
Singles aged 35 and above who buy a resale flat to live with their parents will receive the higher-tier PHG of $15,000, up from $10,000 previously. To encourage mutual care and support, singles who buy a resale flat to live near their parents will now enjoy a new PHG of $10,000.
(C) Simplified Proximity Condition
The proximity condition for determining what is considered as “near” will be simplified. Previously, it was defined as within 2 km or the same town. HDB will revise this to just “within 4 km”. This revision will give home buyers more options when they buy a resale flat to live near their parents or children, including in nearby towns..
The enhancements to the PHG for families and singles are summarised in this table:
Enhanced PHG for Married/Single Child and Parents
The enhanced PHG will apply to eligible resale flat applications received on or after 3:30 pm, 19 February 2018. For more details, you may refer to the press release and the HDB InfoWEB.
Please disseminate this information to your salespersons. Thank you.