The new housing policies are showing results, revealed National Development Minister Khaw Boon Wan on Thursday.
In a blog post, Mr Khaw said ramping up the construction of new flats, introducing the Parenthood Priority Scheme (PPS) and the Parenthood Provisional Housing Scheme (PPHS) are meant to help the young meet their aspirations as soon as they are ready to do so.
“The first-timer backlog is largely cleared. And come January, almost 10,000 couples will have benefitted from the PPS. Among them, about half or nearly 5,000 couples are either expecting, or already have young children below two years old.”
There has also been good response to the PPHS, added Mr Khaw. Since its launch, nearly 800 flats have been taken up.
As vacancies are still available, eligible families can apply for PPHS, and move into their PPHS flats soon after applying.
PPHS offers families the option of temporarily renting a HDB flat at affordable rates, while they wait for their new flats to be ready.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
Related Stories:
Cooling measures is right thing to do: Khaw
JLL: More cautionary stance adopted
Sites for 11,600 new homes revealed