JOINT BALLOTING
FCS (Joint Balloting) allows parents and their children, regardless of marital status, to jointly apply for two units in the same BTO project, where there are two-room flexi or three-room flats in the project.
The plan is for this to be rolled out in the October BTO exercise, HDB said on Sunday.
It will replace the Multi-Generation Priority Scheme for married children and parents to live near each other in the same BTO project.
CHANGES FROM JULY
Other changes that will start from the July BTO exercise have been announced previously.
This includes HDB increasing the allocation quota of three-room and larger BTO flats for second-timer families by 5 percentage points.
The revised proportion of BTO flats set aside for second-timer families are:
- Up to 20 per cent of three-room standard flats
- Up to 10 per cent of three-room plus and prime flats, as well as four-room and larger standard, plus and prime flats
At least 80 per cent to 90 per cent of three-room and larger flats will continue to be set aside for first-timer families.
Changes to the Deferred Income Assessment (DIA) scheme and the Fresh Start Housing Grant for eligible second-time families will also take effect from the July BTO exercise.
The DIA scheme allows eligible couples to apply for a new flat and delay their income assessment for the Enhanced CPF Housing Grant (EHG) and an HDB housing loan until nearer to key collection.
Under the enhanced scheme, only one of the two parties needs to be a recent or current full-time student or national serviceman. Currently, both parties need to meet this requirement.
The Fresh Start Housing Grant will be increased from S$50,000 (US$39,000) to S$75,000 to support more second-timer public rental households with children to own homes.
These families can use the increased grant to buy a new two-room flexi or three-room Standard BTO, or SBF flat, on a shorter lease.
About 5,500 flats in Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh, and Woodlands will be launched in the July BTO exercise. There will be a concurrent SBF exercise offering over 4,600 flats.
