Over 700 families in rental flats bought homes in 2022: HDB

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Over 700 families in rental flats bought homes in 2022: HDB
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Of these, seven in 10 bought a flat from HDB, with the remainder going for resale flats. Read more at straitstimes.com.

SINGAPORE – For the first time in more than a decade, Madam Lee Ah Mui spent Chinese New Year in a home of her own, which she decorated with rabbit-themed festive stickers.

“It’s so comfortable, and when I turn on the air-con it feels like I’m in a hotel room. I can even see the sea from my living room,” said Madam Lee. Beginning with the February Build-To-Order sales exercise, rental households under the Fresh Start Housing Scheme can also buy three-room flats on a shorter lease, on top of the two-room flexi units currently offered.

As at December 2022, 95 families have been emplaced on the enhanced scheme. Of these, 44 have collected keys to their flats, 48 are waiting to collect their keys and three are waiting to book a flat. Dr Faishal said many rental flat tenants, especially those with children, are motivated to buy their own homes.

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