Existing Housing Board level holders who purchase another two- or three-room level in a non-develop bequest can now decide to pay just a large portion of the obliged downpayment forthright, and the rest later. This amazed downpayment produces results from the September Build-to-Order exercise, which started on Wednesday.
For the individuals who are not taking a bank advance, or who are taking a HDB credit, they have to pay just 5 for every penny in downpayment when they consent to the Arrangement for Lease, rather than the current 10 for every penny. For those taking credits from monetary establishments, they have to pay just 10 for every penny forthright, rather than the current 20 for every penny.
The other 50% of the downpayment require just be paid when they gather the keys for the new level, alongside the parity price tag of the level.
The move is to help level managers who wish to "right-size" to another level however have trusts tied up in their current level, said the HDB in an announcement.
In a blog entry, National Development Minister Khaw Boon Wan noted that at his Meet-the-People sessions, he now and again meets elderly inhabitants who need to move to a more diminutive level yet face money stream troubles.
"The deal returns for their current (bigger) level will be sufficient to pay for the new (littler) level, yet they have to offer the level first to raise the trusts for the new buy," he said.
In 2013, 47 elderly individuals wiped out their new level bookings on the grounds that they were not able to raise the downpayment, he noted. "Today's proclamation by HDB will help address this issue."
On Wednesday, 4,630 new pads were dispatched available to be purchased, over five undertakings in the three non-develop towns of Bukit Batok, Hougang and Jurong West, and additionally one venture in the experienced town of Kallang/Whampoa.
Other than two- to five-roomers, there are likewise studio condo on offer in Kallang/Whampoa and extensive Three Generation pads for multi-era families in Hougang. Applications close on Tuesday, Sept 30.
The following BTO dispatch in November will have around 4,290 pads in the non-develop bequests of Sembawang, Sengkang and Yishun, and additionally the full grown bequest of Tampines. An alternate 3,000 pads will be offered in the Sales of Balance Flats practice then.
The other 50% of the downpayment require just be paid when they gather the keys for the new level, alongside the parity price tag of the level.
The move is to help level managers who wish to "right-size" to another level however have trusts tied up in their current level, said the HDB in an announcement.
In a blog entry, National Development Minister Khaw Boon Wan noted that at his Meet-the-People sessions, he now and again meets elderly inhabitants who need to move to a more diminutive level yet face money stream troubles.
"The deal returns for their current (bigger) level will be sufficient to pay for the new (littler) level, yet they have to offer the level first to raise the trusts for the new buy," he said.
In 2013, 47 elderly individuals wiped out their new level bookings on the grounds that they were not able to raise the downpayment, he noted. "Today's proclamation by HDB will help address this issue."
On Wednesday, 4,630 new pads were dispatched available to be purchased, over five undertakings in the three non-develop towns of Bukit Batok, Hougang and Jurong West, and additionally one venture in the experienced town of Kallang/Whampoa.
Other than two- to five-roomers, there are likewise studio condo on offer in Kallang/Whampoa and extensive Three Generation pads for multi-era families in Hougang. Applications close on Tuesday, Sept 30.
The following BTO dispatch in November will have around 4,290 pads in the non-develop bequests of Sembawang, Sengkang and Yishun, and additionally the full grown bequest of Tampines. An alternate 3,000 pads will be offered in the Sales of Balance Flats practice then.