Singapore Housing Grants

Discussion in 'Loans & Mortgage Brokers' started by wombat777, 7th Jan, 2016.

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  1. wombat777

    wombat777 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,565
    Location:
    On a Capital and Income Growth Safari
    Currently on the last day of my holiday and was interested to read in the newspaper about the complicated tiered FHB grant system that operates in Singapore.

    Grants appear quite generous and reduce on a sliding scale based on income.

    It's just interesting to see what governments do elsewhere.

    First-Timer Applicants | HDB InfoWEB

    There is also a $15k scheme for second-time buyers.

    Second-Timer Applicants | HDB InfoWEB
     
    wombat777, 7th Jan, 2016
    #1
  2. Shawn

    Shawn Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    422
    Location:
    Sydney, NSW, Australia
    Being from Singapore myself,
    I'd like to just chime in and say your allowed to pay for your own house through your Superannuation fund.. up to a certain % if I'm not wrong.

    You do have to return that amount to the fund plus a fixed rate of interest or capital gains when you sell the house though.

    However due to the massive income disparity that exists there, investment properties are almost non existent to the average Joe.
     
    Shawn, 9th Jan, 2016
    #2