These will be disbursed through a one-off GST voucher – U-Save as part of the Care and Support Package unveiled during Budget 2020.
About 940,000 Singaporean households living in Housing and Development Board (HDB) flats will receive double their regular GST Voucher – Utilities-Save (U-Save) rebate for the financial year 2020, revealed the Ministry of Finance (MOF) on Thursday (2 April).
These will be disbursed through a one-off GST voucher – U-Save as part of the Care and Support Package unveiled during Budget 2020.
Eligible households with five or more members will get an additional GST Voucher, which means that they will be receiving a total of 2.5 times their regular U-Save rebate.
Overall, this amounts to $630 million in benefits for Singaporean households.
MOF said the scheme will help households offset part of their utility bills, reducing their overall household expenses.
Households living in one- and two-room HDB flats ordinarily receive annual U-Save rebates equal to around three to four months of their average utility bills.
| HDB Flat Type | Rebate to be received in Apr 2020 | Rebate to be received in Jul 2020 | Rebate to be received in Oct 2020 | Rebate to be received in Jan 2021 | Total GSTV U-Save to be received in FY2020 |
|---|---|---|---|---|---|
| 1- and 2-Room | $300 | $300 | $100 or $200 | $100 or $200 | $800 or $1000 |
| 3-Room | $270 | $270 | $90 or $180 | $90 or $180 | $720 or $900 |
| 4-Room | $240 | $240 | $80 or $160 | $80 or $160 | $640 or $800 |
| 5-Room | $210 | $210 | $70 or $140 | $70 or $140 | $560 or $700 |
| Executive/Multi-Generation | $180 | $180 | $60 or $120 | $60 or $120 | $480 or $600 |
With the one-off doubling, they will now enjoy rebates equal to at least six to eight months of their average utility bills.
Those living in three- and four-room flats usually receive support equal to around one to two months of their utility bills. They will now get support that is equal to at least two to four months of their utility bills.
For this month, households in one- and two-room flats will receive $300, those in living in three-room flats $270, and those in four-room flats will receive $240. Those living in five-room flats will get $210, while those in executive/multi-generation flats will receive $180.
MOF noted that “households whose members own more than one property are not eligible for the GST Voucher – U-Save”.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
