>> ASIAONE / BUSINESS / STORY
Sun, Aug 24, 2008
AsiaOne
Needy will move to head of queue for HDB rental flats

Singaporeans in desperate need of a home will, from today, be moved to the front of the queue for HDB rental flats.
National Development Minister Mah Bow Tan announced this move yesterday and also gave a peek into new rules being studied to stop abuse of the rental scheme.

One of them is that the HDB will scrutinise the assets, including private property, of siblings and children of applicants to ensure they rely first on family, not on rental flats.Another will require flat sellers to deposit part of their sales proceeds into their Central Provident Fund (CPF) accounts.

These likely changes are part of a government move to address the sharp rise in demand for rental flats, with many people joining the queue even when they have other housing options.

For the full report, visit straitstimes.com

 

 

 
STORY INDEX
 
  Needy will move to head of queue for HDB rental flats
   
 
  HDB resale market going strong
   
 
  What to consider when choosing a mortgage?
   
 
  Your bank may be the ticket to F1
   
 
  Catching leeches: It's better-paying than a regular holiday job
   
 
  Temasek ready to invest more in Western banks
   
 
  Singapore's 40 richest
   
 
  Palm oil exec, shareholder join Singapore billionaire list: Forbes
   
 
  New service prevents ID theft
   
 
  From CEO to cashier
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg
   

Search: