All Singaporean HDB households will receive double their regular GSTV – U-Save rebates this financial year, with larger families receiving 2.5 times their regular GSTV – U-Save.
About 940,000 Singaporean households living in Housing and Development Board (HDB) flats will receive GSTV – Utilities-Save (U-Save) rebates this month, revealed the Ministry of Finance (MOF) on Sunday (4 October).
In total, all Singaporean HDB households will receive double their regular GSTV – U-Save rebates this financial year, said MOF.
Of these households, around 155,000 larger families – or those with five or more members – will get 2.5 times their regular U-Save rebates in the financial year 2020.
This is the third U-Save payment for the financial year 2020. The first two were made in April and July.
Typically, households staying in one- and two-room HDB flats receive U-Save rebates that work out to around three to four months of their utilities bills.
GSTV – U-Save rebates that households will receive in October 2020:
Along with the U-Save Special Payment provided earlier this year, such households will enjoy rebates equivalent to at least six to eight months of their utilities bills.
Households in three- and four-room HDB flats usually receive U-Save rebates equivalent to around one to two months of their utilities bills. Now, they will get support that is equivalent to at least two to four months of their utilities bills.
The ministry noted that households “whose members own more than one property are not eligible for the GSTV – U-Save”.
Read also: 5 Ways The Government Can “Save” Ageing HDB Flats in Singapore
“All in, the government is disbursing $630 million of GSTV – U-Save this FY to support households, particularly the lower- and middle-income households, in lowering their household expenses,” said MOF.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com