Objectives of Scheme
While the latest news is always on the private residential, like new property launch in 2017, like the Artra Condo, the government also introduce new scheme for the public housing. The scheme aims to help public rental families with young children own a 2-room Flexi flat.
The Fresh Start Housing Scheme opened for applications from Thursday (1 December) to help public rental families with young children possess a 2-room Flexi flat.
Under the scheme, capable families can buy a 2-room Flexi flat with shorter leases ranging from 45 to 65 years, and get a Fresh Start Home Grant of up to $35,000.
To qualify, at least one of the applicants should be in employment that is stable during the last 12 months. The family must also handle their finances well, with the kids – at least one of which is below 16 years of age – regularly attending school.
“we’re beginning with a more targeted strategy. So that the amount of Fresh Start families might not be big in the first place. But we’ll keep the scheme open, and families that are fantastic but don’t meet the requirements on their first attempt can apply again when they’re more ready,” said National Development Minister Lawrence Wong in a blog post.
Offer guidance on the scheme’s implementation and to support outreach efforts, Wong has also made a Fresh Start Advisory Committee, which will undoubtedly be chaired by Dr Mohamad Maliki Osman, Senior Minister of State in the Ministry of Foreign Affairs and the Ministry of Defence.
Dr Maliki served as Minister of State in the Ministry of National Development when the scheme was originated, and his experience will help ensure its smooth implementation.
Meanwhile, interested families must use on the HDB website or at any HDB branch office, and be emplaced on the scheme before they can submit an application for a 2-room ’s sales that is flat in HDB that is Flexi exercises.