Build-to-Order flats will no longer be classified under mature or non-mature estates, while seniors will get a boost to their retirement savings under a new S$7 billion Majulah Package.
SINGAPORE: Prime Minister Lee Hsien Loong on Sunday announced several developments on the housing front, along with a new S$7 billion Majulah Package to help seniors meet their retirement needs.
Therefore, the distinction between both types is now blurring. The mature and non-mature classification will no longer work, Mr Lee added.Standard flats – the bulk of HDB projects – will come with the usual subsidies and restrictions currently applied to BTO flats, such as the five-year minimum occupation period.
Prime flats – which are currently offered under the Prime Location Public Housing model – will be in the “choicest” locations, usually closer to the city centre. They will come with the most subsidies and the tightest conditions.singles will have more housing choicesCurrently, first-timer singles aged 35 or above are only allowed to apply for new two-room Flexi flats in non-mature estates.
Seniors will soon also be able to choose from a wider suite of senior-friendly fittings under an HDB improvement scheme called the Enhancement for Active Seniors 2.0 programme. These include foldable shower seats and widened toilet entrances for wheelchair-bound seniors. The first is a yearly Earn and Save Bonus for older Singaporeans who are working – either full-time or part-time. Lower- and middle-income workers will get a CPF bonus of up to S$1,000 a year.
"Recently, several controversial issues have drawn Singaporeans’ attention. I have spoken about them in parliament and in my National Day Message. We dealt with each of them thoroughly and transparently,” Mr Lee noted.These issues included
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