Higher housing grant for singles who live with parents

GOOD news for singles who want to buy a Housing Board flat to live with their parents.
They will get a higher CPF housing grant of $20,000 - from the current $11,000 - from April 1, the HDB announced on Thursday morning.
This higher-tier singles grant will also apply to eligible singles buying flats under the Design, Build and Sell Scheme (DBSS).
The catch is: the eligible single must commit to living together with his parents in the resale flat for at least five years.
Within the five years, the parents cannot buy or take over the ownership of another HDB flat, or invest in a private property, said the HDB.
Under the single Singapore citizen (SSC) scheme, single Singaporeans aged 35 years and above can get a CPF housing grant of $11,000 to buy a HDB resale flat if they satisfy the eligibility conditions.
Minister for Prime Minister's Office, Mr Lim Boon Heng, announced the higher singles grant in Parliament on March 8.
'It is a pro-family initiative to encourage children to look after their parents,' said the HDB.
The higher-tier singles grant will apply to resale applications or booking of DBSS flats from April 1.
All other prevailing policies such as the income ceiling, minimum occupation period for resale, will apply.
For enquiries, the public can call the toll free Sales/Resale Customer Service Line at 1800 8663 066.