If your household income is $1500 or less, you can still afford a new 2-rm BTO in a non-mature estate.
You enjoy a maximum Enhanced Housing Grant (EHG) of $80,000 and the result is the BTO costs from $17,000 upwards (prices from Lakeside View).
To put it clearly, you are richer by $80,000. This is money gifted to you and stays with you even if you decide to sell your BTO later.
If you fully understand housing policies, you will appreciate them. These grants do not just make homes more affordable, they are also a form of wealth distribution with more given to those with less so that everyone can own something in this city.
Panellists at the Institute of Policy Studies' Singapore Perspectives conference in Jan this year noted that Government's policies on land help to achieve redistribution of not just the land but wealth as well.
I thank everyone for your words of encouragement yesterday. I'm very grateful and appreciative.
When this page was started, my first posts were also on housing grants.
At that time, people were lashing at then Finance Minister Tharman for saying that Singaporeans who earn $1000 could afford a BTO. People were making fun of him as well.
Falsehood was spread that you had to return the grant.
Debunking falsehoods takes time.
This is because falsehoods are sensational. They grab attention and spread easily. Truth is often boring.
There's a saying that a lie can travel halfway round the world while truth is still tying it's shoelaces.
It’s not often that we have the luxury of time to sufficiently debunk falsehoods so that they lose their sting.
It is always possible for a people to vote in anger against the government before lies and falsehoods are sufficiently exposed.
This would be the saddest thing that can happen to Singapore.
My deepest desire is that you will not just stop at reading, but that you will also share what you discover with family and friends so that together, we can help remove unhappiness that are based on falsehoods.
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