PR1MA step-up financing scheme allows more to buy homes

Up-stake: The PR1MA step-up financial scheme allows buyers eligible for a conventional loan to get access to a higher loan amount.

IN last week’s Budget 2018, the Government extended PR1MA’s step-up financing scheme (SPEF) to private developers, subject to certain conditions, as part of its effort to house the middle income (M40) with their first house.

The move underscores the Government’s encouragement to build more affordable units.