Hot property: People walking along the Boat Quay in Singapore. Demand for housing in the city-state has been steadily climbing since 2020. — AFP
SINGAPORE: The maximum loan that home buyers can take from the Housing Board to purchase their flats will be tightened – in a move to cool the Housing and Development Board (HDB) resale market.
HDB will also provide more financial support for first-time flat buyers in the lower-to-middle income brackets, by increasing the Central Provident Fund Enhanced Housing Grant to up to S$120,000 for families and S$60,000 for singles.
