Committee of Supply 2022
Several key housing announcements were made at the Ministry for National Development’s Committee of Supply Debate on 8 March 2022. Read on to find out how we plan to keep public housing accessible, inclusive, and sustainable for Singaporeans.
To make owning a flat more affordable for second-timer families with children and who are living in public rental flats, HDB will further enhance the Fresh Start Housing Scheme through the following measures:
More details on the enhanced policy will be provided later.
Over the years, HDB has been assisting EIP-constrained flat owners who face difficulties selling their flats, by giving such flat owners more time to sell their existing flat if they have purchased another one. We have also waived the EIP limits in exceptional circumstances, so that they can sell their flats to buyers from any ethnic group.
To complement these measures, we will buy back flats from eligible flat owners who face genuine difficulties selling their flats at a reasonable price, due to the ethnic quota. Here are the details: