Eligible young couples need only pay 2.5% downpayment for their BTO
Young couples and families in Singapore will get more support to own their first homes. The downpayment due when a couple signs the lease for their BTO flat has been reduced to 2.5% of the selling price, down from the current 5%. This follows changes to the Housing Board's Staggered Downpayment Scheme, and applies from the next BTO exercise in June. Rebecca Metteo reports.
Young couples and families in Singapore will get more support to own their first homes. The downpayment due when a couple signs the lease for their BTO flat has been reduced to 2.5% of the selling price, down from the current 5%. This follows changes to the Housing Board's Staggered Downpayment Scheme, and applies from the next BTO exercise in June. Rebecca Metteo reports.
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